Brazil

Part of Oral Answers to Questions — Foreign and Commonwealth Affairs – in the House of Commons at 12:00 am on 18 March 1987.

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Photo of Mr Tony Banks Mr Tony Banks , Newham North West 12:00, 18 March 1987

Will the Minister confirm that these are strictly commercial loans between British banks and foreign agencies and Governments? Will he give an undertaking to the House that in the event of there being a major default by one of these countries it will be up to the British banks to bear the consequences?