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Proceeding contribution from Lord Elystan-Morgan (Crossbench) in the House of Lords on Monday, 12 December 2011. It occurred during Ministerial statement on European Council.


European Council

My Lords, the Leader of the House has time and again stated the clear intention of Her Majesty’s Government to assist the eurozone. Does he accept the stark reality of the situation; namely, that 17 countries with different economies and utterly disparate economic circumstances formed a eurozone but, when bad weather came along, disintegration became a very real possibility? In practice, the only two real possibilities are either that there should be a draconian situation of considerable discipline imposed on the eurozone or that there should be a United States of Europe or a Republic of Europe.


Secondary information

Type
Proceeding contribution
Reference
733 c1043-4 
Session
2010-12
Chamber / Committee
House of Lords chamber
Subjects
Banks EU countries Financial services Financial institutions EU internal trade EU action Economic and monetary union Euro Referendums Treaties Regulation UK membership of EU European Council
Link
View this Proceeding contribution on www.publications.parliament.uk