EU: Economic Governance Debate

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Department: HM Treasury

EU: Economic Governance

Lord Ryder of Wensum Excerpts
Wednesday 27th October 2010

(14 years ago)

Lords Chamber
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Lord Ryder of Wensum Portrait Lord Ryder of Wensum
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My Lords, what precisely are the sanctions for non-compliance referred to by my noble friend?

Lord Sassoon Portrait Lord Sassoon
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My Lords, the critical point is that the sanctions that apply apply only to the eurozone members. They do not apply to the UK, which has a specific carve-out and will continue to have a carve-out, as now reconfirmed. There are no sanctions that apply to the UK.