Eurozone Crisis

James Clappison Excerpts

Thursday 27th October 2011 Commons Chamber

[Mr Speaker]

Order. I am keen to accommodate the remaining colleagues who are seeking to catch my eye, but I must remind the House that there is a business statement to follow, and a significant debate thereafter. I am therefore looking for brevity.

[Mr James Clappison (Hertsmere) (Con)]

I welcome my right hon. Friend the Chancellor’s approach, including his recognition that the division of responsibilities between the EU and member states has become unbalanced. Does he agree that the new proposals for fiscal integration and mutual control in the eurozone do nothing to reduce the case for a rebalancing of those responsibilities?

[Mr Osborne]

Yes, I think that I can agree with my hon. Friend.