In The Press » Feb 6th 2012- The only hope for the countries in trouble is to get out of the Euro
Feb 6th 2012- The only hope for the countries in trouble is to get out of the Euro
The only hope for the countries in trouble is to get out of the Euro
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
UK Independence Party
From the Office of Derek Clark, MEP, East Midlands
Rowan House, 23 Billing Road, Northampton NN1 5AT
Tel: 01604 620064 Fax: 01604 636002
Email: mep@derekclarkmep.org.uk
Feb 6th, 2012
The Editor,
Dear Sir,
Tuesday 7th February 2012, was the 20th Anniversary of the Signing of the Maastricht Treaty. Following this we joined the ERM which was designed as a trial for the Euro.
This was an economic disaster, interest rates went through the roof bringing misery to thousands of businesses, and causing the closure of many small enterprises. Only when the Government finally withdrew from this catastrophe on Wednesday 16th September 1992, did the economy start to recover. That became known as 'Black Wednesday', it was nothing of the sort, it should be referred to as 'Freedom Wednesday'.
History is, of course, repeating itself. Not having learnt the lesson the Euro Godfathers pressed on and introduced the Euro with the results that we can see today. The only hope for the countries in trouble is to get out of the Euro and to re-establish their own former currencies at rates which suit them.
Yours sincerely
Derek Clark MEP
The office of Derek Clark MEP
UK Independence Party
Suite 1, Rowan House
23 Billing Road
NORTHAMPTON
NN1 5AT
Email - mep@derekclarkmep.org.uk
Web - www.derekclarkmep.org.uk