Loans to Ireland Bill

Part of Loans to Ireland Bill (Allocation of Time) – in the House of Commons at 1:34 pm on 15th December 2010.

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Photo of Anne Main Anne Main Conservative, St Albans 1:34 pm, 15th December 2010

My right hon. Friend has stressed the importance of the export market and our strong links with Ireland. So why did he find it necessary for paragraph 6(h), under the heading "Events of default", in the summary document to set out that

"the Borrower not being or ceasing to be a member of the European Union" would constitute a default? I would hope that we would support Ireland if we chose to do so, and not bind it into necessarily having to stay in the European Union, given the length and operation of the loan.