European Council

Kelvin Hopkins Excerpts

Monday 27th October 2014 Commons Chamber

[The Prime Minister]

We need to have a proper discussion about how we keep the country safe given all the risks we face and given that we have secured a massive act of repatriating powers from Brussels to Britain in the huge amount of opt-outs in justice and home affairs, which I am sure he supports. My point on the European arrest warrant is that we have made changes to it, so we can now refuse arrest warrants in minor cases. British judges are able to consider whether extradition is proportionate and can block any arrest warrant where the incident does not amount to a crime in UK law. Those things have changed since the arrest warrant was first put before the House.

[Kelvin Hopkins (Luton North) (Lab)]

As has been long predicted, the eurozone is proving to be an economic disaster, dragging down both the European economy and the world economy. It now appears that 25 eurozone banks are on the brink of failure, and the long-term future of the euro is in serious doubt. Is the Prime Minister advising his colleagues—his fellow Prime Ministers in Europe—of the advantages of a national currency?

[The Prime Minister]

I think my colleagues in Europe well know my views about the euro. My point—I made it at the European Council—is that we need a combination of structural reforms to improve the performance of labour markets, the benefit of which we have seen here in the UK; setting and meeting targets on reducing budget deficits; and an active monetary policy, which has been hugely helpful here and in America. The steps we have seen in Europe are welcome but, frankly, I would like to see more.