Wednesday, June 13, 2007

Euro disaster.

As quisling Blair prepares to leave office whilst taking us ever deeper into the EU; breaking his promise of a constitutional referendum; taking us ever nearer to adopting the euro and preparing the way for his ultimate EU sinecure - the people of the EU have been revealed to have had enough.
A Harris Poll for the FT recently revealed that more than two thirds of French, Spanish and Italian voters, as well as over half of Germans believe that the euro has had a negative impact on their respective economies.

Majorities in these large EU states preferred their former currency. One reason for this is the massive increase in prices in the shops as has already occurred here with decimalisation; changes are used for price hikes.

In Spain, the 'standard 'unit of currency was a hundred pesetas, it is now a euro - an increase of over 60%. This phenomenon is best noticed amongst market traders et al but can equally be found in supermarkets - I know as I have the personal experience.

In Italy, the first year added £1,600 to the average family's food bill according to the Bank Intessa.

To think that there are still some here who argue that "It makes changing money unnecessary when you go on holiday." Intellectual pygmies!

As Eddie George the former Chief of the Bank of England said: "The euro is about politics not economics."

If Only I Could Disagree.

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