Proceeding contribution from David Miliband (Labour) in the House of Commons on Monday, 27 June 2011. It occurred during Ministerial statement on European Council.
European Council
I have two brief questions. The Prime Minister mentioned Sir Mervyn King's remarks of last week. Does the Prime Minister agree with Sir Mervyn that the combination of austerity plus bail-out will never bring Greece to solvency? Secondly, the Prime Minister mentioned the stability of the banking system in advance of what I believe is an inevitable Greek default. In that context, is it not the case that future European Councils will be discussing whether to use the European financial stability facility or the European stability mechanism to shore up and recapitalise the banking system, rather than throwing good bail-out money after bad?
Secondary information
- Type
- Proceeding contribution
- Reference
- 530 c620
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Armed conflict Banks EU enlargement Economic and monetary union EU economic policy EU grants and loans Greece Politics and government Public sector debt Small businesses Regulation Croatia European Council Syria Middle East EU immigration Libya European financial stabilisation mechanism
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 17:15:07 +0000
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