European Council Debate

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Department: Leader of the House

European Council

Lord Cormack Excerpts
Monday 24th October 2011

(13 years, 1 month ago)

Lords Chamber
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Lord Strathclyde Portrait Lord Strathclyde
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My Lords, I usually admire the noble Lord’s questions but I cannot follow him on this occasion. On repatriating powers, we believe that an opportunity for the British Government to negotiate may well arise in a positive way. I say in the presence of the noble Lord, Lord Hannay, that repatriating powers to the United Kingdom may well strengthen the whole EU. There is a clear role for the nation state. However, at the moment, we are at a very early stage and we do not know whether there will be a treaty change and, if there is, how big it will be, exactly what it will refer to and so on. I do not think that anyone should get overexcited about this, but any future treaty change will—partly because of the rule of unanimity—give us the opportunity to advance our national interests, which is of course what the Prime Minister and the Government will always wish to do.

Secondly, I cannot join the noble Lord in his attack on what he called propaganda about the single market. The single market is an immensely important part of British interests and the British economy. I will not list all the figures now. One reason to be on the inside is that all the countries that he mentioned did not have a say in writing the rules of the single market. One of the greatest advantages of being a member of the EU is that we are part of the process under which these rules are made.

Lord Cormack Portrait Lord Cormack
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My Lords—

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Lord Strathclyde Portrait Lord Strathclyde
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My Lords, I must say that I am not entirely certain that I followed the noble Lord’s views. The eurozone is in an immensely difficult situation. There is a huge problem which will impact not just on eurozone countries but on our economy and perhaps even wider than that. It is up to them, I suppose, to sort it out, but we can all play a part in sorting it out because it is so important to all of us.

Lord Cormack Portrait Lord Cormack
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My Lords—