Margaret Thatcher Quotes About Currency
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(I)t is highly questionable whether when 'Europe speaks with one voice', as we are so often told it is doing, anyone is really listening. Europe's reputation as a serious player in international affairs is unenviable. It is a feeble giant who desperate attempts to be taken seriously are largely risible. It has a weak currency and a sluggish inflexible economy, still much reliant on hidden protectionism. It has a shrinking, ageing, population and, with the exception of Britain, rather unimpressive armed forces and, not excepting Britain, muddled diplomacy.
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It seems like cloud cuckoo land. If anyone is suggesting that I would go to Parliament and suggest the abolition of the Pound Sterling - no! We have made it quite clear that we will not have a single currency imposed upon us.
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I was turned out because I said to Europe no, no, no. That no, no , no has now turned into yes, yes. Two yes's not three because he got the Social Chapter out and he's reserved his position on the single currency.
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The European single currency is bound to fail, economically, politically and indeed socially, though the timing, occasion and full consequences are all necessarily still unclear.
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I pay tribute to John Major's achievement in persuading the other 11 Community Heads of Government that they could move ahead to a Social Chapter but not within the treaty and without Britain's participation. It sets a vital precedent. For an enlarged Community can only function if we build in flexibility of that kind... John Major deserves high praise for ensuring at Maastricht that we would not have either a Single Currency or the absurd provisions of the Social Chapter forced upon us: our industry, workforce, and national prosperity will benefit as a result.
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Margaret Thatcher
- Born: October 13, 1925
- Died: April 8, 2013
- Occupation: Former Prime Minister of the United Kingdom
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