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?
Anglo-Saxon Sword and Helmet from Staffordshire Hoard Reconstructed 2015-05-29 0:49
Thousands of metal fragments from the Staffordshire Hoard have been reconstructed into two "significant" new 7th Century objects.
Researchers have pieced together parts of a silver helmet and a previously unseen form of sword pommel.
The hoard, which is valued at Â£3.2m, was found in a field near Burntwood, Staffordshire in July 2009.
Both items have been put on display at Birmingham's Museum ...
ALEC corruption: Legislators and corporate lobbyists meet in secret at Savannah resort 2015-05-28 23:59
The Georgia Legislature has a message for voters: don't ask us about our meetings with corporate lobbyists behind closed doors.
The 11Alive Investigators tracked lawmakers to a resort hotel in Savannah last week, where we observed state legislators and lobbyists mingling in the hotel bar the night before they gathered in private rooms to decide what new laws would best serve ...
Swedish politician: US is the true cause of the masses of refugees from the Middle East 2015-05-28 20:13
Editors Note: And who controls US foreign policy? Listen to Jeff Gates.
The present Swedish debate about war refugees from the Middle East is an example of peer restricted expression. In the name of political correctness or perceived decency, any questioning of maximum generosity in opening Swedish borders for the refugees is indignantly rejected by the official mainstream. We have a ...
Even if Patriot Act Expires, Government Will Keep Spying on All Americans 2015-05-28 19:52
Government Will Use "Secret Interpretations" to Get Around Legal Prohibitions
Mass surveillance under the Patriot Act is so awful that even its author says that the NSA has gone far beyond what the Act intended (and that the intelligence chiefs who said Americans aren't being spied on should be prosecuted for perjury).
Specifically, the government is using a "secret interpretation" of the ...
The TPP, Monsanto, Rockefeller, Trilateral Commission, Brzezinski 2015-05-28 19:18
All hands on deck for global, economic, corporate dictatorship
There are dots to connect here. They're real, and they're spectacular.
Let me begin with a brief exchange from a 1978 interview, conducted by reporter Jeremiah Novak. He was speaking with two American members of the Trilateral Commission (TC), a group founded in 1973 by David Rockefeller and his intellectual flunkey, Zbigniew Brzezinski.