Downing Street Says

» Monday, May 14, 2012

Eurozone

Asked if the Government would respond to any new economic packages announced by Angela Merkel and Francois Hollande, the PMS said that Britain had been discussing growth and the European economy with European partners for some time.

Asked whether there would be any concrete outcomes from the G8 meeting, the PMS said that we had been taking steps to support our economy, but we were also pushing for more action at the European level to complete the single market.

Asked whether the UK could be called upon to contribute to a clean up fund if Greece left the Eurozone, the PMS said that the Government had been consistent in saying that Eurozone countries needed to support their own currency.

Asked whether the PM thought the UK economy would suffer is Greece left the Eurozone, the PMS said that what happened in the Eurozone affected the UK. We have seen in the past how problems in one country could spread to another and we had therefore argued that the Eurozone needed to put in place an effective firewall.

Asked whether there would be a recapitalisation of the European Investment Bank, the PMS said that there were no proposals on the table but we would consider any proposals on their merits.

Asked whether the PM was confident that the UK had contingency plans in place to deal with a Greek exit from the Eurozone, the PMS said that we had a range of contingency plans in place, but we did not comment on them.

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Eurozone

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