Eurozone Crisis Debate

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Department: HM Treasury

Derek Twigg

Main Page: Derek Twigg (Labour - Halton)

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Oral Answers to Questions

Eurozone Crisis

Derek Twigg Excerpts

Business of the House
Thursday 3rd November 2011

(12 years, 6 months ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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That is absolutely right: that is what Standard & Poor’s said in its report last month. When we came into office, the country’s credit rating was on negative outlook; now it is on stable outlook. That is a consequence of the action this Government have taken to tackle the mess left by the Labour party.

Derek Twigg Portrait Derek Twigg (Halton) (Lab)
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Have the Government drawn a line in the sand for the amount of money they will not exceed if asked by the International Monetary Fund to contribute to a greater extent specifically to deal with the euro crisis?

Mark Hoban Portrait Mr Hoban
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What we have said is that it is important that the IMF has the resources it needs to tackle the problems of the global economy. We have yet to receive a request from the IMF, but once we do so, we will respond to it appropriately.

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