Proceeding contribution from Bernard Jenkin (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
When a country becomes over-indebted, it can either enslave itself to the debt or inflate and devalue. Is it not clear that the fundamental problem is that none of the countries in the euro can inflate and devalue to get out of their problems? That is why some Conservative Members are saying that it is only a matter of time before some of these countries fall out of the euro, and that we would be better off planning on that basis than pretending that we can hold back an unstoppable tide.
Secondary information
- Type
- Proceeding contribution
- Reference
- 520 c949
- 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
Librarians' tools
- Timestamp
- 2023-12-15 14:31:03 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_707865
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