(10 years ago)
Lords ChamberMy Lords, I entirely agree with my noble friend on the importance of those educational exchanges. Work is done throughout various government departments and the FCO always looks very carefully at how we can give advice on such matters, too.
Does the Minister agree that it is a little bit too simplistic just to say, “We are not members of the eurozone”, and therefore almost wash her hands of it? There are loans from the International Monetary Fund and we have an interest in those loans being properly managed. Can she tell us what the Government’s intention in that regard is?
My Lords, we would never wash our hands of discussions with our colleagues within the European Union. I think that I have made it clear that both the Prime Minister and the Chancellor of the Exchequer have already had discussions. Indeed, my right honourable friend the Prime Minister telephoned Mr Tsipras on the very day that the Greek Prime Minister took his position. Discussions are ongoing and there will, of course, be meetings next week at the European summit. As regards the IMF, we are indeed part of the system that backs it up. The IMF’s status as preferred creditor means that it is repaid first. What is important is that we do not get to the point of a Greek default. The new Greek Government are working on that and it is important for them to be able to discuss what kind of package they can put together, as they work around their colleagues in the eurozone this week.
(10 years, 2 months ago)
Lords ChamberMy Lords, the policy of this Government is to argue for the interests of this country. My noble friend is right to point to the very detailed nature of the investigation that must now take place of the demand, out of the blue, for an extra £1.7 billion. My right honourable friend the Prime Minister has made clear that Her Majesty’s Treasury will now assess the data in exhaustive detail to check how the statistics were arrived at and the methodology that was used. After all, it is British taxpayers’ money and therefore it needs to be examined in detail and discussed properly by Finance Ministers. That will happen tomorrow.
Does the Minister agree that there is a greater likelihood of Great Britain getting some of the demands that it is making for reform if it talks to the people to whom we always refer as “our partners” as if they were partners, rather than haranguing them, banging the table and treating them as if they were some form of colonial servant from days gone by?
Well, the noble Lord has certainly been in a different place and listening to different things than I have.