Greece Debate

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Department: HM Treasury
Monday 6th July 2015

(9 years, 5 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. Accommodating remaining colleagues will require brevity, to be exemplified by Mr Philip Davies.

Philip Davies Portrait Philip Davies (Shipley) (Con)
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Is not the genesis of the problem that the EU allowed Greece to fiddle the figures in order to join the euro in the first place? Is not this blinkered pursuit of a political project of ever-closer union, rather than thinking through the economic consequences, the reason why we need to leave the European Union?

George Osborne Portrait Mr Osborne
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I know my hon. Friend has consistently held that view since he put it in his maiden speech, as I remember from listening to him many years ago. He identifies two challenges. One, fiddling the figures, we have addressed in this country by creating the Office for Budget Responsibility. When it comes to ever-closer union, that is precisely one of the issues that we are seeking to address in the renegotiation that we are conducting with the European Union.