Tuesday 28th June 2011

(12 years, 11 months ago)

Lords Chamber
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Lord Taverne Portrait Lord Taverne
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My Lords, does the Minister not recognise that what he has just recounted is quite different from the kind of major speech that the noble Lord, Lord Liddle, has called for? Is it not true that the Minister has given the impression that we are wonderfully clear of any problems because the eurozone crisis is a matter for the Europeans and that all we are concerned about is not paying any money?

Lord Howell of Guildford Portrait Lord Howell of Guildford
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I seem to be finding difficulty in communicating today because I have just given the opposite impression in great detail. I quoted my right honourable friend; I quote many other Ministers and I could quote myself ad nauseam. We are all extremely concerned with the stability of the eurozone. Going back 10 years, I admit it is perfectly true that some of us might not have thought that the idea of the eurozone was going to be perfect sweetness and roses all the way and there has been some proof of that. However, now it is here we have to make this work and see that the southern countries of Europe can overcome their terrible economic difficulties. It is utterly in our interests to do so, as my right honourable friends have said again and again. There is no such alternative impression.