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Banking Union and Economic and Monetary Union

Part of Free School Meals (Children Over the Age of 16) – in the House of Commons at 5:44 pm on 6th November 2012.

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Photo of David Ruffley David Ruffley Conservative, Bury St Edmunds 5:44 pm, 6th November 2012

If the opt-in countries and eurozone members are subject to the ECB rules but are not legally called a caucus because the ECB does not write it down as such, they will nevertheless, de facto, hunt as a pack and outvote us in the European Banking Authority, so it does not matter what the regulation says.