2011/10/26/former-trade-union-boss-john-monks-advocates-joining-the-euro/ London MEP European Parliament Tue, 01 Mar 2016 16:58:32 +0000 hourly 1 http://wordpress.com/ 2011/10/26/former-trade-union-boss-john-monks-advocates-joining-the-euro/#comment-5059 Wed, 26 Oct 2011 18:09:50 +0000 ?p=15602#comment-5059 Truly amazing that in the current climate ANYONE, even a Trade Union Boss, could advocate this. Lets look at the countries of Europe NOT in Euro -the UK, Denmark, Sweden and the REALLY lucky ones Norway and Switzerland (lucky as they have had the sense NOT to even join the EU). All have strong economies when we compare them to: Italy, Spain, France, Ireland, Portugal and Greece. The Euro in itself is NOT a bad idea, but it was compromised from day 1 when the criteria for joining was ‘fudged’ to allow the basket case economies of Southern Europe and Ireland to join. The crunch will come when the hard working, honest German worker, will tire of paying tax (as they do dutifully) to enable a Greek who rarely pays tax, and rarely works to retire at 55 on full benefits, whilst he (the German) has to work until his late 60’s to fund it. And you know, I really can’t blame him for feeling that way.
Yes, the Euro is strong against the £. It is also strong against the $. But I know in which currency I would rather invest my pension pot.

]]> 2011/10/26/former-trade-union-boss-john-monks-advocates-joining-the-euro/#comment-5058 Wed, 26 Oct 2011 17:23:33 +0000 ?p=15602#comment-5058 Adopt the Euro! In your dreams. Joining the single currency means surrendering control of your economy to the Commissars and Eurocrats of Brussels. It means the end of national Sovereignty. The British people aren’t likely to agree to that – ever.

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