European Council Debate

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Department: Cabinet Office

European Council

Andrew Jones Excerpts
Monday 17th December 2012

(11 years, 4 months ago)

Commons Chamber
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Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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Does the Prime Minister agree that a banking union should never be able to ride roughshod over those outside the eurozone?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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I do agree with my hon. Friend. A banking union is necessary for the countries of the single currency. As I have said, we have a single currency in the pound and there is a banking union between England, Scotland, Wales and Northern Ireland. The countries with the single currency need a banking union, but it should not ride roughshod over others. That is why it is important not only that we are outside the banking union, but that we have secured the voting rules so that the “outs” have a say over things that could affect them.