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G20 Summit

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 4:03 pm on 25th June 2012.

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Photo of Mark Lazarowicz Mark Lazarowicz Labour, Edinburgh North and Leith 4:03 pm, 25th June 2012

On a more serious note about the euro, Greece now has a new Government, which indicates that it will accept the bail-out but wants some flexibility in how it is implemented. What will the G20 and other institutions do to meet that request? Of course Greece must accept its responsibilities, restructure its economy and all the rest of it, but at the same time is it not important that we show flexibility, so that we do not run the risk of the new Greek Government collapsing along with the deal and, as a result, bringing down not only Greece, but many others in the world community?