Duncan Hames
Main Page: Duncan Hames (Liberal Democrat - Chippenham)Department Debates - View all Duncan Hames's debates with the HM Treasury
(13 years, 5 months ago)
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Mr Hoban
The hon. Gentleman once again reminds us how important stability in the eurozone is—the situation could have a significant impact on the UK economy, which is why it is important that the Greeks resolve their problems in conjunction with eurozone member states. However, let me make this quite clear again: we do not want to be part of that bail-out.
Duncan Hames (Chippenham) (LD)
How does the Government’s disposition on these matters differ between the case of Greece and that of other strained but larger or more closely integrated economies, such as, say, Spain?
Mr Hoban
My hon. Friend will of course recollect that one reason why we made a bilateral loan to Ireland was the particularly close relationship between the UK and Irish economies. That relationship did not exist with Portugal, and it does not exist with Greece, so there is a different approach. It is important to remember that Greece was bailed out by eurozone countries, and that the bail-out of Greece should continue to be done by them.