Sarah Wollaston
Main Page: Sarah Wollaston (Liberal Democrat - Totnes)Department Debates - View all Sarah Wollaston's debates with the Cabinet Office
(13 years ago)
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Dr Sarah Wollaston (Totnes) (Con)
The more a balloon is inflated, the more it hurts when it eventually explodes. Would it not be better for us to help the Greeks default and devalue now rather than later?
The Prime Minister
We have argued very consistently that part of any solution has to be a very decisive writing down of Greek debt, because it obviously cannot afford the level of debt that it currently has. That is the plan that it is being offered. Some would argue that even that is not enough, and that is my hon. Friend’s position, but our view has always been that unless the debts are written down significantly, there will not be a proper solution.