Greece — Statement

Part of the debate – in the House of Lords at 6:02 pm on 29 June 2015.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour 6:02, 29 June 2015

My Lords, are we not just kidding ourselves about the real situation? Does the noble Lord not agree that the eurozone is fundamentally flawed and has been so right from the beginning? The grown-ups among us recognised that when we opposed going into what was to be a flawed system. Is it not true that without the fiscal and social power, together with the monetary policy, the eurozone simply cannot work? The idea that it could work, particularly with the membership of Greece, was always an absurd idea.