European Union Fiscal Union — [Annette Brooke in the Chair]

Part of the debate – in Westminster Hall at 2:30 pm on 14 September 2011.

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Photo of Richard Shepherd Richard Shepherd Conservative, Aldridge-Brownhills 2:30, 14 September 2011

One of the reasons that things have worked quite well for Germany is that, without the southern countries, the exchange rate of the euro would have been even higher. They therefore helped suppress the exchange rate in the free markets, to some extent, which has been of benefit to Germany.