European Council

Jim Cunningham Excerpts

Monday 24th October 2011 Commons Chamber

[The Prime Minister]

I agree with my hon. Friend’s approach. We should use these opportunities as the European Union changes and the eurozone changes to maximise Britain’s national advantage. We have to be clear: we do not yet know how much of a treaty change will be proposed by the Germans and others, or how extensive it will be. We shall have to look carefully at that to see what is right for Britain in response. However, I should say to my hon. Friend that, so far in this Government, one treaty change has been proposed and we exacted an important price, which was to get us out of the bail-out funds from 2013, which was a clear and present danger to the United Kingdom.

[Mr Jim Cunningham (Coventry South) (Lab)]

Is not the tragedy about the Prime Minister the fact that, as Leader of the Opposition, he totally underestimated the world crisis? As a result, he has had to grow up very fast in regard to European politics. What is his next alibi going to be in regard to the postponement of a referendum? I am sure that there is going to be one.

[The Prime Minister]

I have not for one minute underestimated the scale of the crisis that we face in Europe and across the world economy. Sadly, that crisis has been made worse by the vast overspending that took place under the Government whom the hon. Gentleman supported.