William Bain
Main Page: William Bain (Labour - Glasgow North East)Department Debates - View all William Bain's debates with the HM Treasury
(11 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Greg Clark
I know that many of my hon. Friend’s constituents will be in that situation and will have bank accounts in Cyprus. We have made a commitment, but these are very early days—we learned only over the weekend that these matters are being discussed. I think it is appropriate for the Government to make an immediate commitment of reassurance to those members of the armed forces. They have no choice about being sent to Cyprus, and when they go on this country’s business it seems to me to be reasonable to make that commitment.
Mr William Bain (Glasgow North East) (Lab)
Does the Financial Secretary have a view on how it looks to the world that ordinary savers are losing proportionately more of their deposits than institutional investors are? Is there not a strong case for the eurozone to get on and complete arrangements to create a single resolution mechanism so that banks can be resolved in an orderly way?