Bloomberg News

Osborne, Hague to Be Questioned by U.K. Lawmakers on Euro Rescue

December 15, 2011

Dec. 15 (Bloomberg) -- U.K. Chancellor of the Exchequer George Osborne and Foreign Secretary William Hague will be questioned on the resolution to the euro-region crisis by lawmakers in the House of Commons.

They have been invited to appear before the House of Commons’ European Scrutiny Committee, which is hearing testimony on developments in Europe and the possible consequences for Britain, the committee said in an e-mailed statement.

“We will examine what we see as the crux of the problem, that is, how to reconcile the necessary monetary and fiscal policies, based initially on the statement of Dec. 9 by the euro heads of state or government, with the legal and institutional constraints,” the committee said. “The government’s position on the monetary and fiscal possibilities within the potential confines of an intergovernmental agreement will be central to our inquiry.”

The committee, which is chaired by Bill Cash, a prominent euro-skeptic, has also called for written submissions by Jan. 13. No date for the meetings with Osborne and Hague has yet been published.

--Editors: James Hertling, Eddie Buckle

To contact the reporter on this story: Thomas Penny in London at tpenny@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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