Graham Stringer
Main Page: Graham Stringer (Labour - Blackley and Broughton)Department Debates - View all Graham Stringer's debates with the HM Treasury
(12 years, 11 months ago)
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Mr Hoban
My hon. Friend is absolutely right that we have seen during this crisis the strains within the eurozone mechanism. The actions that needed to be taken to resolve the consequences of those strains include the bail-outs of the Greek, Irish and Portuguese economies. It is absolutely right that we secured that opt-out to the Maastricht treaty, to ensure that this country did not have to be a member of the euro, a position that the previous Government seemed not to support.
Graham Stringer (Blackley and Broughton) (Lab)
The Minister, the Government and the House want stability, but quite frankly, Greece is bankrupt, and cannot restore its economy while it remains in the euro. Is not the answer to introducing stability an orderly return to the drachma? Should not that be the burden of the Government’s policy?