The committee alleges that the government has paid insufficient attention to how private-sector firms might perform in similarly difficult circumstances, for instance by failing to to make it clear who would pay for the additional work involved in exposing malpractice.
"We have very clear ideas about what the eurozone needs to do to make their currency work, " he added, saying he backed austerity measures in "peripheral" countries but also wanted to see the "core of the eurozone" do more "to support demand".