Question to the HM Treasury:

To ask Her Majesty’s Government what assessment they have made of the stability of the Eurozone.

The Treasury continuously monitors global economic developments, including those in the euro area, and their impact on the UK as part of the normal process of policy development.

With approximately 40 per cent of our exports going to the euro area, it is in Britain’s interest to see a stable euro area. The UK cannot be immune from difficulties in its largest trading partner.

For that reason, the Government welcomes the progress that has been made between Greece and the euro area. A deal has been reached which supports Greece in the short term and protects UK taxpayer interests.