Informal European Council Debate

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Department: Cabinet Office

Informal European Council

Philip Hollobone Excerpts
Tuesday 31st January 2012

(12 years, 3 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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I think it is briefing note N, and there is plenty in it; it is full. I think the best one in briefing note N is on whether or not the leader of the Labour party would like to join the euro. I know that the House enjoys this, so I might share it one more time: when asked whether he would join the euro, he said,

“It depends how long I'm prime minister for.”

This is the one thing that the shadow Chancellor and I, who often disagree, have in common: we are not going to let it happen.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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The German Chancellor was on the radio this morning saying that she firmly expected the fiscal union to be inside the EU treaties within five years. What part of the British veto is giving her such hope and encouragement?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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The point is that the countries that have signed the agreement want to fold it into the EU. That cannot happen without the permission of every country, and those people who say that the veto did not have effect perhaps need to explain why they want to fold the treaty back into the European Union. It seems to me that that is a very powerful point.