G20 Summit

Conor Burns Excerpts

Monday 25th June 2012 Commons Chamber

[The Prime Minister]

I think that as a net contributor to and full member of the European Union we have every right to say what we think is necessary to fix the crisis. The hon. Gentleman talks about what has happened over the past two years, but I would make the point that 400,000 more people are in work than at the last general election. Unemployment was down this quarter and employment was up, and there are 840,000 more private sector jobs. It is tough and difficult but a rebalancing of our economy is taking place that involves more manufacturing and more exports and that is leading to private sector job growth.

[Conor Burns (Bournemouth West) (Con)]

The Prime Minister referred in his statement to the changes of governance in the eurozone and the remorseless logic of being in a currency union. Those of us who have consistently called this right over the past 20 years have serious reservations about asking countries such as Greece, Spain and Portugal to make the democratic sacrifices that we ruled were unacceptable to the United Kingdom. Does he share our concern that when countries find they cannot change the policies of their Government through the ballot box, it could lead to profound instability in Europe?

[The Prime Minister]

My hon. Friend makes a very good point, but the point that I would make in response is that it is not for us to tell those countries what to do. If countries want to join a currency union, understand that to make that currency union work they have to give up all sorts of sovereignty and freely enter into that bargain, that is a matter for them and not a matter for us. It is for us to decide whether we want to do that, which we do not, and—and, frankly, it is all right to do this—to give advice about what would make a eurozone work better than it is working today.