Oral Answers to Questions

Stuart Bell Excerpts

Wednesday 9th November 2011 Commons Chamber

[The Prime Minister]

I will certainly do as my hon. Friend suggests. I think that it is a question not just of writing to FIFA, but of asking its membership bodies, including the Football Association, to take a strong line. As my hon. Friend says, this is not an issue of left or right, Labour or Conservative. We all wear the poppy with pride, even if we do not approve of the wars in which people were fighting. We do it to honour the fact that those people sacrificed their lives for us. It is absolutely vital for FIFA to understand that, and I think that a clear message from the House and the Government can make it think again.

[Sir Stuart Bell (Middlesbrough) (Lab)]

Given that Italy is now on what the Prime Minister has described as a “credible fiscal path”, will he help the Group of Twenty’s Finance Ministers to meet and contribute to the creation of a European financial stability pact in a way that will assist the eurozone?

[The Prime Minister]

The hon. Gentleman has made an important point. However, the first responsibility for building the bail-out fund must lie with the eurozone members. As we said in the House on Monday, the problem at the G20 is that the G20, the International Monetary Fund and countries such as Britain cannot be asked to do things that the eurozone members are not themselves prepared to do.

We do stand ready to boost the IMF, we do want to help countries in distress, and we do not want to see our trading partners collapse. We understand that, even though we do not support membership of the euro, if countries fall out of the euro it could be very painful for our economy. However, it is for the eurozone countries to sort out the problems. It is their currency.