I must correct this point. We are paying pretty much exactly what we would have paid if we had been a member of the euro; that is how the bilateral loan is being calculated. Germany is paying both through the facility and through the mechanism, and so are France and the other members of the euro. Other countries are paying twice. Ours is a bilateral loan like those of Sweden and Denmark, and they too have been calculated in a similar way.
Loans to Ireland Bill
Proceeding contribution from
George Osborne
(Conservative)
in the House of Commons on Wednesday, 15 December 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Loans to Ireland Bill.
Type
Proceeding contribution
Reference
520 c948
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 14:31:11 +0000
URI
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