Eurozone Financial Assistance Debate

Full Debate: Read Full Debate

Eurozone Financial Assistance

Matt Hancock Excerpts
Tuesday 24th May 2011

(12 years, 12 months ago)

Commons Chamber
Read Full debate Read Hansard Text
Kelvin Hopkins Portrait Kelvin Hopkins
- Hansard - - - Excerpts

That is one mystery that will no doubt be revealed when the 30-year rule is applied. We found out some interesting things about what happened in the 1970s under the Jim Callaghan Government recently, so perhaps we will know what is happening now in 30 years’ time. I know no more than my hon. Friend about why the Government do not take a more sensible line, as is proposed in the motion.

Matt Hancock Portrait Matthew Hancock (West Suffolk) (Con)
- Hansard - -

I have listened carefully to the hon. Gentleman’s speech. Does he share my frustration that a Labour Chancellor signed us up to a mechanism over which we now have no veto?

Kelvin Hopkins Portrait Kelvin Hopkins
- Hansard - - - Excerpts

Throughout the period of the Labour Government, I put the views that I have put in this debate. I hope that I had some influence, but in the end the Government decide what they must. They will not necessarily do what Back Benchers such as me suggest. Nevertheless, I am on record as writing and speaking on such things many times in the past.

We must bring this crisis to a head. The way to do that is to say, “No more bail-outs. Let’s start recreating national currencies.” I have said that directly to some of our friends in Ireland, when members of the European Scrutiny have met Irish politicians.