Eurozone (Contingency Plans) Debate

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Department: HM Treasury

Eurozone (Contingency Plans)

Dennis Skinner Excerpts
Monday 20th June 2011

(12 years, 11 months ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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The IMF is the body best placed to decide the conditions to be attached to any rescue package that it puts forward. Strict conditionality is attached to the rescue package for Greece, including significant privatisations, tax collection reform and wider structural reforms. However, I think that this is a judgment for the IMF to make.

Dennis Skinner Portrait Mr Dennis Skinner (Bolsover) (Lab)
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Does the Minister recall that when the Tories and Liberals were in opposition and sat over here on the Opposition Benches, the Tories wanted to see the collapse of the eurozone, but the Liberal Democrats thought the opposite and wanted to prop it up? Here we are today with a great opportunity to see the back-end of the euro, and I can only reach the conclusion, based upon his complacent answers, that the Lib Dems are running the coalition.

Mark Hoban Portrait Mr Hoban
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That was a flight of fancy by the hon. Gentleman. I would say to him and his hon. Friends that it was this Government who scrapped the euro preparation unit, which the previous Chancellor of the Exchequer set up in the Treasury.