European Council

Part of Oral Answers to Questions — Home Department – in the House of Commons at 3:32 pm on 27 June 2011.

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Photo of Peter Lilley Peter Lilley Conservative, Hitchin and Harpenden 3:32, 27 June 2011

Does my right hon. Friend agree that the worst outcome for the British economy from the Greek crisis would be a disorderly and chaotic default by Greece and subsequent departure from the euro? What discussions did he therefore have with colleagues about preparing for that default, which is inevitable, and that departure, which is desirable, and in particular with President Václav Klaus, who has said that neither departure from the euro nor the dissolution of a monetary union need be disorderly? He dissolved the monetary union of the Czechs and Slovaks over a weekend without too much disruption.