Mark Reckless
Main Page: Mark Reckless (UK Independence Party - Rochester and Strood)Department Debates - View all Mark Reckless's debates with the HM Treasury
(13 years, 5 months ago)
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Mark Reckless (Rochester and Strood) (Con)
It is only six weeks since £26 billion of European financial stabilisation mechanism funding was nodded through for Portugal. May I congratulate the Minister on the change we have seen in those six weeks, on his statement now that there is no question of any further EFSM funding, and in particular on what we read in the weekend press—that this is a red-line issue for the Treasury and that any further use of the EFSM is unacceptable? Long may it continue.
Mr Hoban
My right hon. Friend the Chancellor has made it very clear in his discussions with the Finance Ministers of EU member states that we do not want the EFSM to be used in this bail-out—a statement that Madame Lagarde confirmed on British television only a few weeks ago. I welcome my hon. Friend’s congratulations.