7 November 2011
We do not want our taxes to be used to bail out the euro, Harriett Baldwin tells MPs as she highlights the risks of the UK being part of the European financial stabilisation mechanism - a situation the Government inherited but has got us out of from 2013.
Harriett Baldwin (West Worcestershire) (Con): My constituents do not want to pay taxes to bail out the euro. Will the Prime Minister remind us who got this country into the permanent EFSF and who got us out of it?
The Prime Minister: None of our constituents wants to pay taxes to bail out the eurozone; that is not what our taxes should go towards. When we came to office we were part of the European financial stabilisation mechanism—the EFSM. I have got us out of that from 2013, but between now and then we are still at risk because of a very bad decision to which the previous Government agreed.
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