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Bill Cash MP presents Bill for referendum on Eurozone fiscal union

Press release 07/09/11

Following Bill Cash’s cross-examination of David Cameron in the Liaison Committee session yesterday afternoon – when the Prime Minister refused a UK referendum on Eurozone fiscal union – Cash and five other Select Committee Chairman and prominent eurosceptics from the new parliamentary intake have put forward a Bill to require approval by referendum and an Act of Parliament for provisions leading to fiscal union or economic governance within the Eurozone. 
 
The European Union Act 2011 (Amendment) Bill is presented by Bill Cash MP and supported by Bernard Jenkin MP, John Whittingdale MP, John Redwood MP, Geoffrey Clifton-Brown MP, Greg Knight MP, Graham Stuart MP, Richard Shepherd MP, Jacob Rees-Mogg MP, Chris Heaton-Harris MP, Zac Goldsmith MP and Peter Bone MP.
 
Bill Cash said:
 
“Allowing Eurozone Member States to go ahead towards fiscal union and economic governance creates two Europes, to which the United Kingdom would remain bound by Treaty and law, though they are built on sand.
 
“The money required for all the bailouts is not within the economic capacity of Germany or the political will in the Eurozone countries. It must be accepted that fiscal union within the Eurozone will not work and will be unstable, damaging and not improving our own economy.
 
“It will have profound economic, political and constitutional consequences for our vital national interests. This will fundamentally change the UK‘s relationship with the whole of the European Union, not only our relationship with the Eurozone.
 
“We must have a Referendum in the light of such a profound change in our political relationship with Europe.”
 
On Monday this week, Bill Cash published a pamphlet, “It’s the EU, Stupid”. This was released on the same day as Cash spoke in a European reform debate in Westminster Hall (Grand Committee Room) between leading Eurorealists and Euro-integrationists – including speakers such as influential economist Tim Congdon, Chairman of Business for New Europe Roland Rudd, Jacob Rees-Mogg MP, Bernard Jenkin MP and Liberal Democrat European justice and human rights spokeswoman Baroness Ludford MEP.

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