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Latvia and Republic of Ireland

Volume 711: debated on Wednesday 17 June 2009


Asked by

To ask Her Majesty's Government whether economic support to Latvia and the Republic of Ireland will be provided only by nations in the eurozone or by the whole of the European Union; and what are the implications of such support coming from the United Kingdom. [HL4148]

Latvia secured agreement to a €7.5 billion financial support package in December 2008, including €3.1 billion from the European Union's medium-term balance of payments facility and €1.7 billion from the International Monetary Fund. The UK did not make a bilateral contribution.

The Government are not aware of any request from Ireland for international economic support.