Proceeding contribution from Lord Jackson of Peterborough (Conservative) in the House of Commons on Tuesday, 24 April 2012. It occurred during Debate on Section 5 of the European Communities (Amendment) Act 1993.

Section 5 of the European Communities (Amendment) Act 1993

My hon. Friend makes a coherent argument, but we have been told on many occasions that what happens in the eurozone is important for exports. Without any monetary stimulus, and without major fiscal changes or major structural reforms, how can a cumulative 3% year-on-year reduction of budgets in southern Europe in countries such as Portugal, Greece and Italy possibly assist us in growing our economy out of the recession of the past few years?

Secondary information

Type: Proceeding contribution
Reference: 543 c857-8
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Income tax Financial markets EU action Economic and monetary union EU economic policy Economic policy Economic growth Tax rates and bands Economic recession Stability and Growth Pact Office for Budget Responsibility Budget March 2011
Link: View this Proceeding contribution on www.publications.parliament.uk

Section 5 of the European Communities (Amendment) Act 1993

Secondary information

Librarians' tools