Oral Answers to Questions

Debate between Chris Ruane and William Bain

Tuesday 4th December 2012 Commons Chamber

[Chris Ruane (Vale of Clwyd) (Lab)]

11. What discussions he has had with his EU counterparts on the UK’s position at the December 2012 European Council meeting on the development of a banking union.

[Mr William Bain (Glasgow North East) (Lab)]

13. What discussions he has had with his EU counterparts on the UK’s position at the December 2012 European Council meeting on the development of a banking union.

[The Minister for Europe (Mr David Lidington)]

I have made it clear to my colleagues in the European Union that while we accept that the eurozone needs a banking union, the detailed arrangements need to safeguard the interests of those member states that will not be part of the eurozone or of the banking union.