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?
4 beheaded in Saudi Arabia less than a week into King Salman's rule 2015-01-30 3:13 Comment: So when will the the "Human rights" promoting liberal west elite decide invade Saudi Arabia like they did Libya?
Members of Magic Movement stage a mock execution scene in protest of Saudi Arabia beheading of eight Bangladeshi workers in October 2011.
Four people have been executed in Saudi Arabia less than a week after 79-year-old King Salman assumed power following the ...
Swedish Office Block Pushes Microchips on its Staff 2015-01-30 2:12
Sweden is heading over the cliff in multiple areas, all at once. They are pushing the abolition of cash, run amok state feminism, gender war, pacification of the police and perhaps even more frightening: open borders. A policy that have given the country a "gold medal" in asylum seeker acceptance. Run away
Charlie Hebdo: Where Neocons, Zionists, Masons and Communists Converge 2015-01-30 1:20 Charlie Hebdo, raising the banner of revolt, has always regurgitated precisely what the “system” required.
Charlie Hebdo (CH) came out of the New Left milieu of the 1960s and is a product of the 1968 revolt against President Charles de Gaulle. It happens that the most famous of the New Left revolts came at a time when (1) the CIA was ...
The Liberation of Auschwitz 2015-01-30 0:12
This article is perhaps a day late, but it will be some time before talk of the Holocaust subsides in the mainstream press, especially now that we are to have a vast new Holocaust Memorial Centre built with £50 million of taxpayers money in central London, to replace the rather unimpressive one that already exists in Hyde Park.
In the various ...
Facebook’s New ‘Chinese-style’ Political Censorship System Goes Global 2015-01-29 4:35
Last week 21WIRE reported on Facebook’s new communitarian policy whereby readers can ‘flag’ content as “fake news” if they believe it’s not real, or if they do not like it. In the wake of the Charlie Hebdo False Flag event, the social media giant is now allowing governments to determine what is ‘good free speech’, and what is not.
“An article ...