G8 and NATO Summits

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:41 pm on 23 May 2012.

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Photo of Peter Tapsell Peter Tapsell Father of the House of Commons 12:41, 23 May 2012

Did anyone at the G8 summit emphasise that the basic cause of the economic and political crisis in Europe was not the Greek debt but the single European currency and its lack of a lender of last resort, which is now a threat to the global stability of the banks? May I put it to the Prime Minister that, until the leaders of the great nations grasp that fact and act upon it, the turmoil in Europe will continue?