Quote:
Originally Posted by mineistaken
Joining Euro is not losing your freedom. And many free countries wanted and still want to join it. Nothing to do with freedom.
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the French, Dutch or Greeks, whoever in the Eu, those govts do NOT have the right to up or lower interest rates, something Britain has been able to do, to allow it to align with teh economy of the country in relation to other trading partner... as has been mentioned, Ireland, Spain and Greece were unable to raise funds or change interest rates once they had been locked in with the currency union... there is no freedom for those countries, one which went totally bankrupt and close to anarchy because of it... (it didn't help that the Greeks just don't collect and pay their taxes... unlike northern economies) but that is the folly of the EU.
Britain would have gone under in 2008, we still owe far more in relation to what we are making compared to some of the basket cases of Europe, incl Italy and Spain... yet can service our debt OUR way (Ok, it didn't help that fucking Labour tried spending their way out of it in 2008 under that clueless oaf Gordon Brown creating MORE debt) but at least we had the option to try that and were not imposed under by a rigid set of rules.
I say again - what price freedom?