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?
White Women Are Getting Fed Up 2015-09-03 23:09
We are sick and tired of having our countries ruined, seeing our folk demoralized, and being hated and blamed for all of the worlds problems. We are speaking out, and standing up for our people. We will not let this continue. Letâ€™s get this video trending on Twitter with #Whitewomenarefedup, and get this video to go viral!
Serbian government bans anti-mass immigration protests, and plans ahead for mass immigration 2015-09-03 22:54
Nebojsa Stefanovic, Serbia’s Interior Minister said protesters who are concerned about “an EU plan” to settle thousands of illegal immigrants into the country, will not be allowed to voice their concerns in a protest march on Monday, 31st of August.
“We will not allow the expression of intolerance and hatred to be something that is characteristic of Serbia” said Stefanovic.
“The Ministry ...
Iran Commander: We're Getting Prepared to Overthrow Israel 2015-09-03 22:51
As the White House secured their last needed vote to block a veto override in the Senate on the nuclear deal, Iran unleashed a double-pronged attack: vowing to block inspector access to some sites, and vowing to continue preparations to destroy Israel.
Iranian Defense Minister Brigadier General Hossein Dehqan said today that the International Atomic Energy Agency — which inked confidential ...
Jailed for Not Marrying the Gays 2015-09-03 21:21
Five of six deputies in the office of a Kentucky county clerk taken into custody Thursday for her refusal to issue marriage licenses after the Supreme Court allowed gays to wed say they will process the paperwork starting Friday.
But Rowan County Clerk Kim Davis, whom U.S. District Court Judge David Bunning found in contempt of court, said through her lawyers that she will not authorize ...