Finance Ministers' Meeting (Ireland)

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:34 pm on 17 November 2010.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 12:34, 17 November 2010

The hon. Gentleman makes an important point. The crisis is around the banking system in Ireland-it is not a fiscal crisis. Of course, we almost had to learn the lessons of failure to regulate the banking system. The Government therefore introduced radical reforms to strengthen the stability of the banking sector in the UK.