Tag Archives: ESM

LBC interview “the UK does not have an obligation to help Greece”

Richard Ashworth Conservative MEP for South East and member of the European Parliament’s Budget Committee told John Stapelton on LBC this morning that the UK does not have an obligation to assist Greece under the European Stability Mechanism (ESM).

“The Greek people expressed a wish to stay in the Euro, but they can only do so if they stay within their means. Key in that is they must tackle corruption in the public sector and whole sale mass tax evasion.”

“The Greeks will only receive money in stage payments only on the basis that reforms are undertaken.”

“The UK could be asked to make a contribution of £800 million to Greece only if budgetary procedures are triggered, that is a suggestion the European Commission has made.  The UK Government is quite right to resist this suggestion.  The UK is not in the Eurozone, and this is a question for the ECB and the IMF to deal with.”

Responding to assurances that the £800 million would be repaid to the UK Government Richard Ashworth said:

“We are not members of the Eurozone and we do not have an obligation to assist.  While it might be said that the money will be repaid, it will be over a very long period time”.