Tag Archives: eurozone crisis

On 25 January, Bill Cash MP made the following speech in the House of Commons on the Committee stage of the European Union Bill, urging MPs to vote for an amendment so that a parliamentary Act and a referendum would be necessary in the case that a decision is made to extend the use of the European Financial Stability Mechanism to Member States, particularly with concerns over Portugal and Spain, beyond the crisis of the Republic of Ireland.

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European politicians, including Spanish President Zapatero and French President Sarcozy, have called for European economic government. Others like Luxembourg´s President Juncker have called for Eurobonds wherein EMU governments collectively provide a guarantee. The UK Parliament has before it a motion supporting the Government’s position that the UK should stay out of the European Stability Mechanism; some of us have been quite exercised about the matter.

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