Get involved: send your pictures, video, news and views by texting ECHONEWS to 80360, or email us »
Castle Point MP supports bill preventing Britain bailing out eurozone countries
1:09pm Monday 24th September 2012 in News
CASTLE Point MP Rebecca Harris has supported a bill preventing Britain from bailing out eurozone countries.
The new ‘European Stability Mechanism’ under the European Union Bill, which was debated in the House of Commons earlier this month, allows eurozone countries to set up a permanent fund to support struggling eurozone economies.
As Britain is not in the eurozone it would not have to contribute.
Mrs Harris said: “Europe is our biggest trading partner and I will support any measure that I believe will help continental governments get their act together to tackle their own economic problems, as long as the British tax payer does not have to foot the bill.
“We do not have the euro in this country and we should not have to pay large amounts of money into a scheme just to prop it up for the countries who do.
“One of the last disastrous acts of the previous government was to sign us up to the European Financial Stability Mechanism which gave Brussels the power to use our share of the EU Budget to bail out continental economies.
“I am very glad that thanks to government negotiation that commitment will end and Britain will stay out of Europe’s new bailout mechanism”.
Comments are closed on this article.