Brian Binley MP for Northampton South has again criticised the creation of the Eurozone, speaking in a debate in the House of Commons yesterday on the European Union’s Fiscal Union.
Brian said: “There is no doubt that the eurozone is contemplating its very existence so the debate is not only timely but also vital. The whole thing could blow up in our faces in the next four or five weeks, and I want to be reassured by the Minister that contingency plans are in place.”
It is estimated that Britain’s contribution to the bailouts of Ireland, Portugal and Greece has topped £12 billion pounds, the equivalent of £550 for every man, women and child in Northampton.
Brian continued: “The truth of the matter is that the Euro is a failed currency and had within its creation the very traits for its destruction; those are coming into view at a time when pressure is being applied.”
“The problem is serious and the Government needs to recognise the impact it is having on businesses and families within my constituency. We must help the eurozone come to a sensible conclusion, but that does not include being part of a fiscal union.”
“We must help to ensure that we renegotiate a relationship with Europe that is much more sensible than we have had for a very long time. If necessary we come out.”
“We will have a tough time, whatever occurs and we must use that time in the interests of Britain, not the eurozone, which has been the creator of its own downfall.”
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