Downing Street Says

» Thursday, November 10, 2011

Eurozone

Put that talks were taking place in Europe on establishing a smaller core to the Eurozone, the Prime Minister’s Spokesperson (PMS) told the assembled media that a response to these claims had already been issued by both the French Finance Ministry and the spokesperson for Angela Merkel. The PMS said that both parties had said the reports were untrue.

Asked if it was in Britain’s national interest for the Eurozone to have 17 members, the PMS said that it was in Britain’s interest for there to be an end to the Eurozone debt crisis, adding that a package had been agreed and that it should be implemented.

Asked about the need for contingency planning, the PMS said that the Treasury worked on a number of contingency plans as a matter of course.

Asked if using the language of there being an Armageddon’ was helpful, the PMS replied that different people use different words to describe the serious economic problems, adding that the Prime Minister had himself described the situation as alarming’.

Asked what the Prime Minister meant by a moment of truth’, the PMS said that the Eurozone was facing very serious economic challenges and that it needs to face up to and deal with them. The PMS said that if the Eurozone wanted to save it’s currency it would need to act and act now.

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