4 September 2012
Harriett Baldwin asks the Europe Minister about the Foreign Office’s strategy to persuade eurozone leaders to take action to end the eurozone crisis which is having a dampening effect on UK economic growth. Harriett Baldwin (West Worcestershire) (Con): What recent assessment he has made of the situation in the Eurozone; and if he will make a statement. [118499] The Minister for Europe (Mr David Lidington): It is in the interests of the United Kingdom and the global economy for the eurozone countries to take action to restore public finances, strengthen the banking system and improve competitiveness. Harriett Baldwin: Fortunately, under this Government the United Kingdom will never be part of the eurozone, but the economic crisis is nevertheless having a dampening effect on UK economic growth. What strategy is the Foreign Office adopting to persuade the eurozone leaders to stop kicking the can down the road and find some solutions that will help the UK economy? Mr Lidington: We are certainly continuing to support the efforts that eurozone Governments are taking to make their currency zone more stable and sustainable than it is at present, but we are also continuing to emphasise at every EU meeting that Europe’s competitiveness depends in the end on deepening the single market, improving free trade with the rest of the world, and cutting red tape and regulatory burdens on business. | Hansard