Lords committee take evidence on the Euro area crisis

• Parliament TV: Euro area crisis
• Inquiry: Euro area crisis
• EU Sub-Committee A (Economic and Financial Affairs and International Trade)

Witness

At 10.45am in Committee Room 3, House of Lords

• Mark Hoban MP, Financial Secretary to the Treasury 

The committee asked about what steps need to be taken to deal with the euro area crisis, how far the euro area crisis is being felt across global economies, and the impact of the crisis on the UK and on the UK’s position in the EU. Other areas of questioning included:

• Whether there should be great fiscal integration among euro area countries
• What steps it is appropriate for the UK to take to help solve the euro debt crisis, particularly being a non euro area country
• Whether the UK would be sidelined as a result of more decisions being taken by euro area countries alone 
• The robustness of UK banks to withstand shocks from the euro area   

Further information

• About Parliament: Select Committees
• Visiting Parliament: Watch Committees