GREECE AND THE EURO ZONE

That this House considers that the current crisis engulfing Greece and the Eurozone has demonstrated beyond argument that the single currency project is fundamentally flawed and that modern national economies need their own currencies capable of flexing their international values as vital instruments of macroeconomic policy together with domestic interest rates adjustable to national economic needs; believes that the UK's decision not to join the Euro showed great wisdom and foresight; and, in the event of Greece leaving the Eurozone, would urge the Government to extend the hand of friendship to Greece and the Greek people in their new circumstance as a fellow independent and democratic European nation.