My Lords, the noble Lord is being a little unfair to the previous Government. Surely, the decision was taken under Article 122(2) which is by qualified majority vote. That is the very reason the Eurocrats chose the clause that allows mutual support in the event of natural disasters to pass this Act. Through our membership of the European Union and the terms of the treaties that we have signed, there was nothing that the previous Government could do about it. I asked the Minister whether he agreed with the French Finance Minister who said that the whole bailout process is illegal.
Loans to Ireland Bill
Proceeding contribution from
Lord Pearson of Rannoch
(UK Independence Party)
in the House of Lords on Tuesday, 21 December 2010.
It occurred during Debate on bills on Loans to Ireland Bill.
Type
Proceeding contribution
Reference
723 c1054 
Session
2010-12
Chamber / Committee
House of Lords chamber
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Timestamp
2023-12-15 19:39:18 +0000
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