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?
The FDA Admits That Prior to 2011 Over 70% of U.S. Chickens Contained Cancer-Causing Arsenic 2015-03-04 20:32
Prior to 2011, the cancer-causing toxic chemical Roxarsone, which in high doses could kill you, was being added to chicken feed on purpose, giving store-bought chicken the illusion of healthy coloring and plump appearance. Shockingly, this was the case with more than 70 percent of all U.S. chickens! A recent article was published stating that this continued to be the ...
The Truth About Starbucks New Coconut Milk: It Isn’t Really Coconut Milk 2015-03-03 22:14
In an attempt to appeal to the non-dairy crowd, Starbucks is bringing “coconut milk” to the masses. After a successful trial run in select cities at the behest of their customers, Starbucks has decided to push forward with their dairy alternative.
Providing a non-dairy alternative to dairy and soy is the second most requested customer idea of all time from MyStarbucksIdea.com, ...
Feinstein: Netanyahu does not speak for all Jews 2015-03-03 21:52
US Senator Dianne Feinstein, chair of the Senate Select Committee on Intelligence, has denounced Israeli Prime Minister Benjamin Netanyahu as an “arrogant” man who does not speak for all Jews.
The Jewish lawmaker made the remarks in an interview with CNN on Sunday ahead of Netanyahu's controversial visit to the United States.
The Israeli premier arrived in Washington, DC, on Sunday night ...
Netanyahu to US: Don’t negotiate ‘bad deal’ with Iran 2015-03-03 21:12
Israeli Prime Minister Benjamin Netanyahu has called on the United States not to negotiate “a very bad deal” with Iran over its nuclear energy program.
Speaking at a joint session of the US Congress in Washington, DC, on Tuesday, Netanyahu said, “We’ve been told for over a year that no deal is better than a bad deal. Well this is a ...