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Proceeding contribution from Philip Hollobone (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

That is exactly the danger. Under the present discussions about the permanent crisis resolution mechanism, the draft conclusions of the European Council state:"““Member States whose currency is not the euro will be associated to this work.””" So the danger is that this Bill could be a precedent for the ““Loans to Portugal Bill””, the ““Loans to Spain Bill”” and the ““Loans to Italy Bill””, which may be just round the corner.


Secondary information

Type
Proceeding contribution
Reference
520 c983 
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