European Council
Debate between Kelvin Hopkins and Lord Swire(11 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Mr Swire
I can confirm that the Prime Minister was there, that he took a lead, and that he has come back. I am now reporting back on what was decided at the European Council. The hon. Member for Wellingborough (Mr Bone) makes the point again about whether the Prime Minister should have come to the House, but he might have noticed that we did have Leveson this week. No doubt his points will have been heard by those who organise the House’s business, however.
Kelvin Hopkins (Luton North) (Lab)
Was there any discussion about the continuing fragility of European banks, especially in the weaker eurozone member states? In the light of the raid on Cyprus’s bank accounts, can we now expect depositors to start withdrawing cash from their accounts in those weaker banks, resulting in the serious risk of bank runs?
Mr Swire
No, I do not think we can. Cyprus was not on the agenda but, if you will allow me, Mr Speaker, I will make this point. This question was answered extensively by the Financial Secretary to the Treasury, my right hon. Friend the Member for Tunbridge Wells (Greg Clark) —yesterday, I think—and everything is being done to protect British servicemen and those working for the diplomatic service who are exposed to what is going on in Cyprus. The fact that it is happening in Cyprus, however, does not necessarily mean that it is going to happen elsewhere. Indeed, we very much hope that it will not.