Speech by Lord Owen, Wednesday 10 May 2012

My Lords, I wish to speak about what I believe is the biggest constitutional crisis facing this country, and it is related to the eurozone. There is a feeling, which I think is profoundly mistaken, that somehow we can isolate ourselves from the constitutional changes that are being suggested for the eurozone. It is to the credit of the Government, the Prime Minister and the Chancellor of the Exchequer that throughout this eurozone crisis they have been ready to accept that in order to get the crisis eased, or at best overcome, there will have to be substantial changes in the eurozone.

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