Currency Markets

Lord Grocott Excerpts

Wednesday 2nd February 2011 Lords Chamber

[Lord Sassoon]

I shall not comment on individual discussions about market matters, but I again note some of the positive developments in Europe collectively as well as the auctions since the beginning of the year by Portugal, Spain and Greece. However, we must recognise that the currency situation remains very fragile.

[Lord Grocott]

As the Minister is clearly pleased that Britain is not a member of the euro, would he like to remind the House which Government made that decision and would he like to join me in congratulating them on making the right decision?

[Lord Sassoon]

I am indeed content that we are not in the euro.