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Proceeding contribution from Graham Stringer (Labour) 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

Is there not a third reason: that we are in the wrong part of the world, next to the eurozone, which has no mechanism for the poorer countries to get rid of their trade imbalances or for Germany to get rid of its trade surplus? Normally that would be done by revaluing or devaluing those currencies, but having one currency makes it impossible.


Secondary information

Type
Proceeding contribution
Reference
543 c871-2 
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