Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Sajid Javid Excerpts
Tuesday 21st December 2010

(13 years, 11 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid (Bromsgrove) (Con)
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The Prime Minister of Luxembourg recently proposed that the EU should start issuing common EU bonds, jointly and severally guaranteed by all member states. Although the eurozone countries can do what they want on bond issuance, will the Chancellor reassure the House that Britain will play no role in an EU common bond?

George Osborne Portrait Mr Osborne
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I can indeed give my hon. Friend that assurance. This is an issue that the eurozone is publicly considering, as well as other potential routes forward for the eurozone. My efforts are concentrated on getting our gilt auctions away, and I can reassure him that, thanks to the measures we have taken, that is going well at the moment.