Finance Ministers’ Meeting (Ireland) Debate

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Department: HM Treasury

Finance Ministers’ Meeting (Ireland)

Michael Connarty Excerpts
Wednesday 17th November 2010

(13 years, 5 months ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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My hon. Friend should be aware that under the mechanism there will be no liabilities if no request for assistance has been made.

Michael Connarty Portrait Michael Connarty (Linlithgow and East Falkirk) (Lab)
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Does not the Financial Secretary think it worrying that, when the Irish Government consistently say that they do not require a bail-out, the speculators in the bond market—the hyenas who used to attack our currency—try to bring down the Irish Government’s financial position? Is not it right to support Ireland and the euro, of which it is part?

Mark Hoban Portrait Mr Hoban
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As I said before, it is important that Britain stands ready to support the Irish Government to resolve those problems.