Lord Pearson of Rannoch
Main Page: Lord Pearson of Rannoch (Non-affiliated - Life peer)Department Debates - View all Lord Pearson of Rannoch's debates with the HM Treasury
(12 years, 10 months ago)
Lords ChamberMy Lords, is it not obvious that last night’s measures are merely yet more sticking plaster on a wound that will therefore continue to poison the world economy? Is not the only answer to abandon the whole ill-fated project of European integration, get rid of the euro and go back to the democracies of Europe freely trading together and with the rest of the world in their own currencies?
No, my Lords, that is not the situation. Forty per cent of our trade goes to the eurozone, 50 per cent goes to the EU, and we have to work to preserve the structure.