EU: Financial Assistance to Member States

Lord Newby Excerpts

Monday 19th July 2010 Lords Chamber

[Lord Newby]

My Lords—

[Lord Hannay of Chiswick]

My Lords—

[Noble Lords]

This side! Keep going!

[Lord Newby]

My Lords, will the Minister confirm that, despite the predictions of the noble Lord, Lord Pearson of Rannoch, and others, the action taken by the EU in respect of the euro has meant that in recent days it has strengthened in relation to the dollar?

[Lord Sassoon]

My Lords, I have not had this kind of stereophonic or quadraphonic experience before.

I note what my noble friend says about strengthening currencies but it is not the Government’s practice to comment on movements in the currency markets.