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European Council

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 3:30 pm on 24th October 2011.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 3:30 pm, 24th October 2011

The point about the bail-out mechanism is that we were left exposed by the last Government because of the existence of the European financial stabilisation mechanism. Although we are still at risk between now and 2013, what we have secured is that we have ended that from 2013. That is an achievement. We also stayed out of the second Greek bail-out, and that was an achievement. Those things have saved real money, and it is really important for people to understand that the Government have been focused on delivering something really concrete and important for the British people at this time.