Financial Assistance to Ireland and Portugal

Delegated Legislation – in the House of Commons at 9:58 pm on 11th October 2011.

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Votes in this debate

That this House takes note of European Union Documents No. 9776/11 relating to a Draft Council implementing Decision on granting Union financial assistance to Portugal, No. 9780/2/11, relating to a Council implementing Decision on granting Union financial assistance to Portugal, and No. 9777/11 relating to a draft Council implementing Decision amending implementing Decision 2011/77/EU of 7 December 2010 on granting Union financial assistance to Ireland; notes the importance of financial stability in the Euro area for the UK; welcomes the recent steps being taken by the governments of Ireland and Portugal to promote growth and return their economies to a sustainable path; welcomes the Government’s success in securing agreement that the European Financial Stabilisation Mechanism will cease to exist once the permanent, Euro area-only, European Stability Mechanism becomes operational in July 2013; and that Article 122(2) of the Treaty on the Functioning of the EU, the basis for the emergency arrangements, will no longer be needed for such purposes.—(Bill Wiggin.)

The House divided:

Ayes 271, Noes 22.

Division number 363 Delegated Legislation — Financial Assistance to Ireland and Portugal

Aye: 269 MPs

No: 20 MPs

Ayes: A-Z by last name

Tellers

Nos: A-Z by last name

Tellers

Abstained: 2 MPs

Abstaineds: A-Z by last name

Question accordingly agreed to.