Financial Stabilisation Mechanism

Deferred Divisions – in the House of Commons at 8:39 pm on 9 February 2011.

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Votes in this debate

  • Division number 194
    A majority of MPs voted to support the Government's position that the UK should not contribute to the European Stability Mechanism and financial assistance for Euro area Member States should primarily be provided by other euro area Member States.

That this House takes note of European Union Documents No. 9606/10, relating to a Council Regulation establishing a European financial stabilisation mechanism, No. 12119/10, relating to a draft amending budget No. 7 to the General Budget 2010-Statement of expenditure by Section-Section III-Commission, and No. 17361/10, Commission Communication on the European Financial Stabilisation Mechanism; supports the Government's view that whilst it is in the interests of all Member States to support a stable and fully functioning euro area, financial assistance for euro area Member States should primarily be provided by other euro area Member States; and supports the Government's position that the United Kingdom should not be required to contribute to the European Stability Mechanism that will permanently replace both the European Financial Stability Mechanism and the European Financial Stability Facility.

The House divided: Ayes 297, Noes 45.

Division number 194 European Union — UK Contributions to the Eurozone Financial Stabilisation Mechanism

A majority of MPs voted to support the Government's position that the UK should not contribute to the European Stability Mechanism and financial assistance for Euro area Member States should primarily be provided by other euro area Member States.

Aye: 297 MPs

No: 45 MPs

Aye: A-Z by last name

No: A-Z by last name

Absent: 306 MPs

Absent: A-Z by last name

Question accordingly agreed to.