European Summit Debate

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Department: HM Treasury

European Summit

John Bercow Excerpts
Thursday 24th March 2011

(13 years, 1 month ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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My hon. Friend forgets that we have already agreed with our European partners that the European stability mechanism will replace the temporary structures that were put in place, and of course we should not forget that we are part of the EFSM as a consequence of decisions made by the previous Government, not this Government.

John Bercow Portrait Mr Speaker
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I call Denis MacShane.

Denis MacShane Portrait Mr Denis MacShane (Rotherham) (Lab)
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Obrigado, Mr Speaker.

The plain fact is that Portugal is our oldest ally. It is in trouble and we should help. When Margaret Thatcher brought the rebate back, she was questioned by a Eurosceptic on the Labour Benches who asked, “Why are you allowing more money to go from the British taxpayer to all these new countries?” She replied: “We should help Portugal”. We should do the same tonight. I hope that our Prime Minister will remember our longest, oldest friendship with any European country, and ignore the Eurosceptic waffle from those sitting behind the Front Bench.