EU: Euro Area Crisis

Lord Foster of Bishop Auckland Excerpts

Thursday 24th May 2012 Lords Chamber

[Lord Sassoon]

I certainly agree with my noble friend that my right honourable friend the Prime Minister played a very constructive role in the discussions last night and is clearly open to a range of ideas.

[Lord Foster of Bishop Auckland]

My Lords—

[Lord Barnett]

My Lords, would it not be in the UK’s best interests to recognise the major differences that exist? If we are to help in any way to avoid a messy break-up of the eurozone, would it not be in our best interests to help set up some kind of scheme that would bring about the usual kind of compromise that would help at least in the short term? The noble Lord said recently that the Prime Minister was right and might agree to some kind of support for a growth fund. Does that option still exist?