Oral Answers to Questions

Peter Bone Excerpts

Tuesday 29th November 2011 Commons Chamber

[Mr Lidington]

I have discussed this in the past two weeks with senior members of the Commission, and I have encouraged them to introduce measures under the Single European Act. Yesterday, in Berlin, other Ministers and I talked to our German counterparts about joint action both to deepen the single market and to reduce the cost of regulations, especially for small and medium-sized businesses.

[Mr Peter Bone (Wellingborough) (Con)]

What discussions has the Minister had with his continental cousins about the fact that the euro is burning while Brussels is fiddling? Would it not be much better to have an orderly withdrawal from the euro, rather than the crisis that we have at the moment?

[Mr Lidington]

I think, as my hon. Friend would admit in private, the idea that the eurozone can somehow be dismantled in an orderly manner is rather far-fetched. The collapse of the euro and a prolonged recession in the eurozone would do profound damage to hopes for growth and job creation in the United Kingdom. It is our largest single trading partner.