Greece

Kevin Foster Excerpts

Monday 29th June 2015 Commons Chamber

[Mr Osborne]

My hon. Friend is absolutely right. The situation illustrates why you need a credible economic plan, why you need to make sure that your country is protected from shocks happening around the world and, in short, why you should fix the roof when the sun is shining.

[Kevin Foster (Torbay) (Con)]

The situation in Greece demonstrates that one cannot mix a single currency with numerous and in some cases reckless fiscal policies. We discussed that point during the Scottish referendum last year. Will my right hon. Friend reassure my constituents that the necessary steps are being taken to protect UK interests whatever the outcome of the forthcoming referendum?

[Mr Osborne]

I can assure my hon. Friend that we are taking such steps, and we are working closely with the Governor of the Bank of England. My hon. Friend’s broader observation about credible fiscal policy, whether in the United Kingdom or in the broader European economy, is well made.