Finance Ministers’ Meeting (Ireland) Debate

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Department: HM Treasury

Denis MacShane

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Oral Answers to Questions

Finance Ministers’ Meeting (Ireland)

Denis MacShane Excerpts

Points of Order
Wednesday 17th November 2010

(14 years ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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We are in difficult times and it is best to focus on what can be done to help the Irish economy rather than engage in a debate about statistics on Ireland’s current economic performance.

Denis MacShane Portrait Mr Denis MacShane (Rotherham) (Lab)
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May I welcome the statement of the Financial Secretary and the Chancellor, and their offer of £6 billion of UK taxpayers’ money to help stabilise the eurozone? We must all welcome the contribution to consolidating the eurozone as a sound economic area. However, what has happened to moral hazard? Most of the money will go to the banks. When will they pay anything—any price—for the crisis they caused?

Mark Hoban Portrait Mr Hoban
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I want just to reiterate—to correct the right hon. Gentleman—that no formal request has been received from the Irish for assistance.

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