Eurozone Crisis Debate

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Department: HM Treasury

Eurozone Crisis

Christopher Pincher Excerpts
Thursday 27th October 2011

(12 years, 6 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The former Chancellor wrote them! What I would say to my hon. Friend is that we did not have the power to veto disbursements from the EFSM, so we had to negotiate our way out of it. That is precisely what the British Prime Minister has done.

Christopher Pincher Portrait Christopher Pincher (Tamworth) (Con)
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We hear Labour Members suggesting that Britain is somehow isolated from other members at the EU table, but does the Chancellor agree that what they forget is that by refusing to rule out joining the euro and by insisting that more powers be ceded to Brussels, they are isolating themselves from the broad mass of the British people?

George Osborne Portrait Mr Osborne
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I completely agree with my hon. Friend. It is a remarkable position for the Labour leader to take when he says:

“I don’t think Brussels has too much power.”

What sort of negotiation would it be if he were in charge?