Eurozone Crisis Debate

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Department: HM Treasury

Eurozone Crisis

Jessica Lee Excerpts
Thursday 3rd November 2011

(13 years, 1 month ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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What we have said is that it is important that the IMF has the resources it needs to tackle the problems of the global economy. We have yet to receive a request from the IMF, but once we do so, we will respond to it appropriately.

Jessica Lee Portrait Jessica Lee (Erewash) (Con)
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My hon. Friend has mentioned the abolition of the euro preparations unit. In the current circumstances, will he assure the House that there is no prospect of the unit being resurrected as that would be a complete waste of public money?

Mark Hoban Portrait Mr Hoban
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My hon. Friend is absolutely right. I can think of far better ways to spend the money the previous Government wasted on preparing for the euro.