(12 years, 10 months ago)
Commons ChamberI completely agree with my hon. Friend. It is a remarkable position for the Labour leader to take when he says:
“I don’t think Brussels has too much power.”
What sort of negotiation would it be if he were in charge?
I, too, welcome the Chancellor’s efforts to protect British taxpayers from further bail-outs. I also welcome his statement that the International Monetary Fund exists to support countries that cannot support themselves, but I reiterate my concern that the IMF does not end up supporting a currency if a country chooses not to take the right action.
My hon. Friend has made a good point. The IMF exists to support countries, and supports 53 at present. It does not exist to support currencies.