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Proceeding contribution from Anne Main (Conservative) in the House of Commons on Wednesday, 15 December 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Loans to Ireland Bill.

Loans to Ireland Bill

My right hon. Friend has stressed the importance of the export market and our strong links with Ireland. So why did he find it necessary for paragraph 6(h), under the heading ““Events of default””, in the summary document to set out that"““the Borrower not being or ceasing to be a member of the European Union””" would constitute a default? I would hope that we would support Ireland if we chose to do so, and not bind it into necessarily having to stay in the European Union, given the length and operation of the loan.

Secondary information

Type
Proceeding contribution
Reference
520 c933 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Debts Banks Finance Financial services Government assistance Interest charges Economic situation Euro International Monetary Fund EU grants and loans Parliamentary scrutiny Loans Public finance Republic of Ireland Trade European Central Bank Statutory instruments
Legislation
Loans to Ireland Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk