HC Deb 26 November 1987 vol 123 c301W
101. Mr. Cohen

To ask the Chancellor of the Exchequer what estimates he has made of the impact on leading United Kingdom banks of the reduced ability of Latin American countries to repay debt in the event of a cut in the United States budget deficit.

Mr. Lilley

The effect on world financial and trading conditions of a cut in the United States budget deficit should benefit all countries, including those in Latin America.