Eurozone (Contingency Plans)

Part of Oral Answers to Questions — Communities and Local Government – in the House of Commons at 3:32 pm on 20th June 2011.

Alert me about debates like this

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 3:32 pm, 20th June 2011

We all recognise the challenges that the Greek economy faces as a consequence of high levels of debt. That is one reason why it has been proposed that the banks take part in a voluntary initiative to roll over their debt, to reduce some of the burden on the Greek economy.