Orders of the Day — International Monetary Arrangements Bill

Part of the debate – in the House of Commons at 6:45 pm on 11th July 1983.

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Photo of Mr John Moore Mr John Moore , Croydon Central 6:45 pm, 11th July 1983

I shall have to come back to that matter, because I cannot be specific at this moment.

I do not in any way underestimate the difficulties that we face. I believe that together the measures before the House strengthen the practical role that this country can play in co-operative international operations to deal with the current international financial difficulties. The way in which those difficulties are handled will influence the success or failure of particular operations for particular countries, and also the shape of the international financial system in future decades. I believe that it is right for us to support the existing international financial institutions and to join other nations in helping responsible countries facing severe difficulties. I urge the House to oppose the Opposition amendment and to support a Bill which seems to have almost universal and unanimous support in the House.