Currency Markets Debate

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Department: HM Treasury

Currency Markets

Baroness Williams of Crosby Excerpts
Wednesday 2nd February 2011

(13 years, 9 months ago)

Lords Chamber
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Baroness Williams of Crosby Portrait Baroness Williams of Crosby
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Have the United Kingdom Government had any discussions with the German Government about coming into the European bond market, which, as my noble friend will know well, would have a very favourable effect on yields?

Lord Sassoon Portrait Lord Sassoon
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I shall not comment on individual discussions about market matters, but I again note some of the positive developments in Europe collectively as well as the auctions since the beginning of the year by Portugal, Spain and Greece. However, we must recognise that the currency situation remains very fragile.