Finance Ministers’ Meeting (Ireland)
Debate between Gregory Campbell and Mark Hoban(14 years ago)
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Mr Hoban
My hon. Friend is absolutely right. The crisis reminds us of the continuing focus on sovereign debt. The Government have taken clear measures to tackle our fiscal problems, and international bodies have recognised that. It is one of the reasons for Standard & Poor’s reporting our credit rating as stable compared with its negative outlook under the previous Government. We are taking the right steps to secure our fiscal position, bearing in mind that the crisis in Ireland is around banking, not the fiscal position.
Mr Gregory Campbell (East Londonderry) (DUP)
It is in no one’s interests for the Irish Republic’s economy to go down even further, but taxpayers in the United Kingdom are worried that the Irish Republic could be next, followed by Portugal, Spain and Italy, and that the full and true extent of what we might have to pay is not known.