Greece

Lord Lamont of Lerwick Excerpts

Monday 29th June 2015 Lords Chamber

[Lord Ashton of Hyde]

My Lords, I am not an economist, but I accept that it is theoretically possible to use other countries’ currencies. The problem is that a country does not have control over its currency if it does that. It is not up to me or to the UK Government to decide which currency Greece should use in the event that it leaves the euro. That will be up to the Greek Government.

[Lord Lamont of Lerwick (Con)]

My Lords, has the Government’s policy on the euro changed dramatically—

[Baroness Evans of Bowes Park (Con)]

My Lords, I am afraid that the time is up for this Statement.