European Union Economic Governance

David Davis Excerpts

Wednesday 10th November 2010 Commons Chamber

[Mr Hoban]

Although strong fiscal frameworks are vital, we also believe that fiscal sovereignty is crucial, and that is why the frameworks—the mandates, mechanisms and institutions—should be decided by national Governments and not by European legislation. That position is reflected in the taskforce report, and it is the position that we will adopt in discussions with the Commission.

[Mr David Davis (Haltemprice and Howden) (Con)]

Will the Minister give way?