Backbench Business — [28th Allotted Day] — Eurozone Financial Assistance
Autism (Quality Standards)
1:53 pm
Andrew Tyrie (Chichester, Conservative)
Given that the “no bail-out” clause has turned out to be completely worthless, the eurozone will need to design some type of resolution procedure for countries, in much the same way as we are trying to devise one for banks at the moment. Is it not therefore all the more important that, since we are not members of the eurozone, the UK taxpayer should have absolutely no part in the construction of that resolution procedure? We do not want to find that there are any more burdens on the UK taxpayer.