Currency Markets Debate

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Department: HM Treasury

Currency Markets

Lord Liddle Excerpts
Wednesday 2nd February 2011

(13 years, 9 months ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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No, I would not want to go that far.

Lord Liddle Portrait Lord Liddle
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My Lords, does the Minister have a comment on reports in today’s Financial Times that the French and the Germans are negotiating for the eurozone a competitiveness pact, which would have considerable implications for the single market? What steps will the Government take to ensure that Britain is fully involved in these discussions and that this will not be another case where we will be hovering on the sidelines?

Lord Sassoon Portrait Lord Sassoon
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My Lords, I cannot comment on any specific proposals that might come forward from France and Germany, but the Government are right at the forefront of discussions to extend the single market to make sure that competitiveness issues internally and externally for the EU competing globally are kept firmly at the forefront of the European agenda.