May I add to the debate? The monetary union is not a credit and debt union. Bail-outs have not yet happened, and of course they would be useless because long-term intervention would be required. For Germany to be in a position to rescue other currencies would require a change in the structural arrangements.
European Affairs
Proceeding contribution from
Baroness Stuart of Edgbaston
(Labour)
in the House of Commons on Tuesday, 16 June 2009.
It occurred during Debate on European Affairs.
Type
Proceeding contribution
Reference
494 c260
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-21 12:17:29 +0100
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