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Orders of the Day — International Monetary Arrangements Bill

Part of the debate – in the House of Commons at 4:04 pm on 11th July 1983.

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Photo of Mr Peter Shore Mr Peter Shore , Bethnal Green and Stepney 4:04 pm, 11th July 1983

I am certainly opposed to Britain making new moneys available to the Argentine while it remains in a state of hostility with us, maintains an active threat to the Falkland Islands and remains under a military junta. That seems a perfectly straightforward position, and I should be surprised if the right hon. Gentleman dissented from it. He is simply asking me whether I actively wish to see the collapse of the Argentine economy. My reply to that is no. I do not want to bring down the whole Argentine economy, because I think—this is where the Government's case must be taken seriously—that that would have repercussions throughout the world which would affect friends and allies, although not necessarily Britain to the extent mentioned by the Economic Secretary.