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Home » HOME » In 1990 Thatcher warned that the Euro would end European democracy

In 1990 Thatcher warned that the Euro would end European democracy





Posted by: wakeup2thelies  Tags: Euro,Margaret Thatcher,UK  Posted date:  December 22, 2011  |  No comment


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Back in 1990 nine years before the introduction of the Euro, the then British Prime Minister Margaret Thatcher warned that a single currency would be used to end parliamentary democracy in Europe and would create a ‘Federal Europe’ by the back door:

Transcript:

Mr. Alan Beith (Berwick-upon-Tweed): Will the Prime Minister tell us whether she intends to continue her personal fight against a single currency and an independent central bank when she leaves office?

Mr. Dennis Skinner (Bolsover): No. She is going to be the governor. [Laughter.]

The Prime Minister: What a good idea. I hadn’t thought it. But if I were, there would be no European central bank accountable to no one, least of all to national Parliament. Because the point of that kind of European central bank is no democracy, taking powers away from every single Parliament, and  being able to have a single currency, a monetary policy and interest rates which takes all political powers away from us. As my right hon. Friend (Mr. Lawson ) said in his first speech after the proposal of a single currency, a single currency is about the politics of Europe, it is about a federal Europe by the back door. So I shall consider the proposal of the hon. Member for Bolsover (Mr. Skinner ). Now where were we? I am enjoying this.

Mr. Michael Carttiss (Great Yarmouth) You can wipe the floor with these people.

 Source: Margaret Thatcher’s last House of Commons Speech | 22/Nov/1990

How right she was! 21 years after this brilliant speech, Greece has had an unelected Prime Minister installed because of the euro crisis see here and here. Italy has also had an unelected Prime Minister installed, who then appointed an entire government cabinet without a single elected politician because of the euro crisis see here.

The ‘Federal Europe’ Margaret Thatcher PM spoke of has become the European Union and the EU Parliament we have today. The EU Parliament has become a largely unelected parliament taking evermore rights away from European nations. The current British Prime Minister David Cameron has publicly stated, that the EU Parliament has taken too many powers away from Britain and he wants some of them back.

“I think we gave too much power to Europe . . . there’s some powers I’d like to get back,” Prime Minister David Cameron said

Source: Asia Pacific News | 3/Oct/2011

In a speech this year Nigel Farage talked about exactly what Thatcher warned of 21 years ago. In the speech below from the EU parliament he speaks about; unelected people being in change of the Euro, unelected members of the EU parliament, the EU parliament installing unelected Prime Minister of European nations and powers being taken away from national parliaments as well as from the people of Europe all because of the euro crisis:

Margaret Thatcher was Prime Minister of the United Kingdom between 1979 and 1990. The movie “The Iron Lady” about her political life will be released in Australia on Boxing Day, the  trailer can be seen below.

By Adam at Wakeup2thelies.com

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