Basically, she outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.
This paragraph is from "The Path To Power," where she discusses conversations with John Major (her successor) about negotiating with the rest of Europe. She just totally nails the inflation and competitiveness angles.
Watch Margaret Thatcher Explain Why the Euro Is a Terrible Idea in 1990
By Jordan Weissmann | TheAtlantic
Say what you will about the rest of her legacy, but when it comes to the economic disaster today known as the euro, Margaret Thatcher was downright prophetic. In a delightfully acidic speech delivered before Britain’s House of Commons in 1990, and posted below, she summed up her feelings about European integration: "No. No. No."
Specifically, Thatcher opposed to the idea of handing political power to a European parliament, giving up the pound for a single European currency, or handing over its monetary policy to a European central bank. As she put it (in the blunt way only British politicians can):
Perhaps the Labour party would give all those things up easily. Perhaps it would agree to a single currency and abolition of the pound sterling. Perhaps, being totally incompetent in monetary matters, it would be only too delighted to hand over full responsibility to a central bank, as it did to the IMF. The fact is that the Labour party has no competence on money and no competence on the economy -- so, yes, the right hon. Gentleman would be glad to hand it all over. What is the point of trying to get elected to Parliament only to hand over sterling and the powers of this House to Europe?
"Open the border - we're going to the UK!" Chanting mob of 200 storm Eurotunnel 2015-08-04 1:25
Migrants make their way towards the Tunnel entrance in the early hours of Sunday morning
An organised mob of 200 migrants charged into the Calais entrance of the Channel Tunnel early yesterday, chanting â€˜open the bordersâ€™ and demanding to be allowed into Britain.
They tore down fences and charged past police, who retaliated by spraying tear gas. When the migrants were finally ...
Forgotten British Heroes Campaign 2015-08-04 0:16
The text of the letter from the Forgotten British Heroes Campaign to the Israel ambassador in London, Daniel Taub.
This will be delivered to the Israel Embassy on Saturday 1st August, the day on which the Campaign will hold a wreath-laying and then a meeting at the site of a notorious Zionist terrorist bombing near to Trafalgar Square (the former British ...
Executive arrested over disappearance of $390 million in Bitcoins 2015-08-03 23:38 Mark Karpeles, head of collapsed MTGox Bitcoin exchange held by Japanese police
Japanese police on Saturday arrested Mark Karpeles, head of the collapsed MtGox Bitcoin exchange, over the disappearance of about $390 (£250 million) worth of the virtual currency, local media said.
France-born Karpeles, 30, is suspected of having accessed the exchange's computer system and falsifying data on its outstanding balance, ...
Sweden invents a word for girls' genitals equivalent to 'willy' for boys 2015-08-03 23:37
Everyone in the Scandinavian country uses the term ‘snippa’ for girls’ genitals. But few know it was a feminist invention
Snoppen och Snippan, a TV cartoon of dancing children’s genitalia, was a massive hit on the internet.
I only ever speak English to our three-year-old daughter, and my wife only speaks Swedish to her. The one exception is the word snippa. It’s ...