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Proceeding contribution from Lord Redwood (Conservative) in the House of Commons on Thursday, 26 January 2012. It occurred during Topical debate and Backbench debate on European Council.


European Council

Because, as I just explained, it is totally different if a country has its own currency and can use monetary mechanisms to try and grow its way out of the problems, and can establish an exchange rate that allows it to export its way out of the problems, which is exactly what these countries have to do, and are unable to do because they are locked in.


Secondary information

Type
Proceeding contribution
Reference
539 c446 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
EU countries Economic situation Economic and monetary union UK membership of EU European Council
Link
View this Proceeding contribution on www.publications.parliament.uk