Eurozone

Part of Oral Answers to Questions — Defence – in the House of Commons at 4:32 pm on 10 October 2011.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 4:32, 10 October 2011

That was quite a sweep of history. Of course, Britain has always sought to maintain the balance of power in Europe and one could argue that the enlargement policy was quite a successful extension of that policy, but the decision has already been taken with the monetary union and we have to make it work because we would be directly impacted by its failure.