Thatcher warns that the Euro would end European democracy (1990)

Mirror of: https://youtu.be/5TPpuIslzG4
Original description:

( http://wakeup2thelies.com ) see related story here http://bit.ly/shKSGj 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.
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How right she was! 21 years after this brilliant speech, Greece has had an unelected Prime Minister installed because of the euro crisis. 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.