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Banking: European Central Bank

House of Lords written question – answered on 20th July 2011.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty's Government what would be the extent of the United Kingdom's exposure in the event of a failure of the European Central Bank.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

I refer the noble Lord to the answer I gave on 29 June 2011 (OfficialReport, col. WA 422).

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