Interview with Nick Clegg on Lloyds

The transcript discusses the idea of selling bank shares back to taxpayers, highlighting the potential drawbacks of shortchanging taxpayers who initially funded the bailouts. It emphasizes the importance of ensuring taxpayers receive a full return on their investment. The conversation then shifts to the intervention in Libya, defending the decision to prevent a humanitarian crisis in Benghazi. It concludes with a call for the European Union to address the ongoing Mediterranean crisis, stressing the need for a collective response to prevent further loss of life.

What is a potential downside of selling shares at a discount according to the speaker?

• It reduces government debt.

• It shortchanges the taxpayers.

• It increases the value of shares.

• It benefits the banks.

Why did the speaker decide not to pursue the conservative scheme while in government?

• To increase shareholder value.

• To ensure taxpayers get a full return.

• To support the banks financially.

• To reduce government intervention.

What was the main reason for supporting intervention in Libya?

• To gain political influence.

• To prevent a humanitarian crisis.

• To control oil resources.

• To support Colonel Gaddafi.

What does the speaker suggest is necessary to address the Mediterranean crisis?

• Financial aid to affected countries.

• A unilateral decision by Britain.

• Increased military presence.

• A collective response from the European Union.

What moral concern does the speaker raise about the Mediterranean situation?

• The regular loss of life.

• The financial cost of rescue operations.

• The political implications for Italy.

• The impact on tourism.