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?
Increased tax subsidies for politically correct media 2015-03-29 22:08
On Dec 9 last year I translated a random snapshot of the biggest newspaper in Sweden. The headlines alone spoke for themselves. It was, simply put, an orgy of political correctness, obvious attempts at emotional manipulation and general national self-loathing. In other words, a typical Swedish newspaper on any given day.
As more and more readers are waking up to the ...
When obeying the law and supporting yourself is racist 2015-03-29 22:56
There is a huge scandal in the municipality of Ă„lmhult in Sweden. It has been revealed that there is a letter that may have been sent from the municipality offices to newly arrived immigrants informing them that the law applies to them and that theyâ€™re expected to eventually go off the dole and start pulling their own weight in society.
New political weapon: Threat to unleash immigrant invasion 2015-03-29 22:05
Youtube description: Threatening to bombard a country with illegal immigrants has become quite the bargaining chip in political quarrels, as Polly Boiko explains.
Editors Note: Notice how the argument is twisted around at the end of the report. The word "Bogeyman" is used. This is a common allusion to a mythical creature. What is mythical about replacement immigration into Europe? ...
Facebook completes first drone flight above UK, Mark Zuckerberg confirms 2015-03-28 3:15
Solar powered drones which provide internet access to rural and remote areas have been trialled in UK for first time by Facebook.
They â€śhave a wingspan greater than a Boeing 737 but will weigh less than a carâ€ť, according to the social network's chief Mark Zuckerberg.
The drones, developed by Somerset-based company Ascenta which Facebook bought last March, will beam down laser-guided ...