Philip Hollobone
Main Page: Philip Hollobone (Conservative - Kettering)Department Debates - View all Philip Hollobone's debates with the Cabinet Office
(12 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
We must put in place contingency plans for any of these countries leaving the eurozone. The hon. Gentleman asks what those plans are. For obvious reasons, if we start to describe exactly what we might have to do, we could set off all sorts of chain reactions. If he wants to discuss privately with a Treasury Minister the elements of any plan, he is at liberty to do so.
Mr Philip Hollobone (Kettering) (Con)
Is it the Prime Minister’s understanding that were Greece, Italy or any other country to leave the eurozone, it would require a treaty change?
The Prime Minister
I believe my hon. Friend is right that there is nothing in the treaties that allows a eurozone member to leave the eurozone yet stay in the European Union. My sense is that were that to happen, some allowance would be made. He is right to say that that would involve a treaty change at some stage to ensure that it was legal.