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Richmond upon Thames Liberal Democrats:Covering the constituencies of Twickenham and Richmond Park |
Hughes quizzes Cameron on the Eurocrisis
November 12, 2011 8:04 PM
• [Nov 07] Simon Hughes (Bermondsey and Old Southwark, Liberal Democrat): GIVEN the role that the big banks played by being overstretched and therefore triggering the present financial crisis, can the Prime Minister tell us what progress he made in persuading his colleague countries in the G20 to follow the proposal that we made and that the Vickers commission recommended to break up the banks that are too big to fail, so that in no economy are the big financial institutions able to hold a gun to the state and to the taxpayer?
31)
David Cameron : Obviously, many people will comment on the ultimate failure of the G20 to resolve the eurozone crisis, but the G20 has made good steps
forward in areas such as trying to roll back protectionism, and particularly on the issue that the right hon. Gentleman raises about globally significant financial institutions and the impact that they can have. The approach that Vickers recommends is fully in tune with what other G20 countries are recommending.
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