EU: Reform — Question

Part of the debate – in the House of Lords at 11:21 am on 16th May 2013.

Alert me about debates like this

Photo of Lord Wallace of Saltaire Lord Wallace of Saltaire Lords Spokesperson (Cabinet Office), Lord in Waiting (HM Household) (Whip) 11:21 am, 16th May 2013

Of course, many things require the agreement of nearly 28 member states—Croatia is about to join. There is a great deal that we can achieve without treaty change; the Lisbon treaty has considerable headroom in it. The question of whether we are likely to face treaty change in the next five years is much more to do with what form banking union takes—I am sure that the noble Lord read Mr Schäuble’s article in the Financial Times the other day—and with other areas of management of the eurozone.