John Redwood MP urges Government to act over euro crisisBy Victoria Smith
May 16, 2012
The town’s MP joined a debate on the Queen’s speech this week, urging the Government to improve competitiveness to create more export jobs in the UK.
John Redwood spoke out during the economy debate to “draw attention to the gathering storms over the euro”.
During the House of Commons debate on Monday, he touched on the euro crisis and called for Greece’s financial crisis to be solved quickly.
He asked the Government to take “urgent action to mend our banks and to establish more competitive banking, with more money to lend to our companies, because they are going to need working capital and investment capital”.
Mr Redwood said on his blog: “There is a paralysis in decision making at the heart of the zone. Just as this phase of the crisis blows up France is undergoing a major change at the top.
“More people are now saying Greece has to leave the euro, but there is still no clear sign that that has become the prevailing view of the main players.
“To do it they will need speed, confidentiality and united purpose.
“They will also need a Greek government to deliver the Greek end of it.”