Mr Tobias Ellwood (Bournemouth East) (Con): What will happen if another eurozone country requires a bail-out? Will Britain’s involvement be kept to a minimum?...and Spain and Italy and Belgium.
Mr Osborne: I say this about any future action that we may or may not have to take. On the bilateral loan, I said last week that there were some very specific—I stress the words “very specific”—circumstances that would lead us to support Ireland because of the interconnectedness of our economies. I also said that the European financial stability mechanism, the EU fund, was something that the previous Government had signed up to, and that the UK could not block its use because it operated under qualified majority voting.
Can we leave yet please?
