The newly promoted First Secretary of State, speaking in Berlin, hailed the euro as a saviour that had brought stability to the European Union during financial turmoil. "It is perfectly clear that the euro has been a great success in anchoring its eurozone members during this financial crisis," he said. "Imagine where all of us would have been if it hadn't. I hope people will recognise that this represents a major vindication for the single currency." Asked if the British Government would consider joining the euro, Lord Mandelson replied: "Does it remain an important objective for Britain to find itself in the same currency as that single market in which it interacts? Obviously yes." He added: "That has to be a decision taken on the right terms in the right circumstances and conditions and therefore at a future time than we have now." The Conservatives accused Lord Mandelson of trying to bounce Britain into the single currency. "It is deeply disturbing that the man who now makes most of the government's policies has declared that Britain should join the euro," said William Hague, the shadow foreign secretary. Mr Hague rejected the argument that the euro could have sheltered the British economy and pointed to the total loss of control over monetary policy that is required for membership. "The fact is that if we had scrapped the pound interest rates would have been lower in the boom and would now be higher. Under the euro, Gordon Brown's boom and bust would have been even deeper," he said. "Lord Mandelson's failure to learn this obvious lesson shows how bereft Labour are of fresh thinking." The newly promoted First Secretary of State, speaking in Berlin, hailed the euro as a saviour that had brought stability to the European Union during financial turmoil. "It is perfectly clear that the euro has been a great success in anchoring its eurozone members during this financial crisis," he said. Tell that to the Irish, Mandy, a people whose economy is being crucified by the inflexibility of the Euro. Some saviour. Asked if the British Government would consider joining the euro, Lord Mandelson replied: "Does it remain an important objective for Britain to find itself in the same currency as that single market in which it interacts? Obviously yes." He added: "That has to be a decision taken on the right terms in the right circumstances and conditions and therefore at a future time than we have now." Well, he WOULD say that, wouldn't he? The reality is that Britain will not enter the Euro-currency and the conditions that Mandy posits will not exist. He is obviously hoping that a future incoming Labour government - say in 2014, could strike and force us into the bondage of Euro captivity. Once Labour are swept from power we must not let them back - the damage they cause is just too great.Britain will 'obviously' join euro says Mandelson
Britain "obviously" remains committed to joining the euro following the currency's "success" in helping its members to weather the economic crisis, Lord Mandelson said.
BRITAIN AND THE EURO....
Friday, June 12, 2009 At 10:12AM
I see that our acting Prime Minister, Lord Mandelson, has declared that the UK should enter the Euro and junk our thousand year old currency and that this remains Government policy. Now we know that Mandy is a foaming at the mouth Europhile - and given the £1m pay off he got last Autumn when he stepped down from his post as Commissioner why would he not love it - but I think that his comments show the disdain, indeed the arrogance that he and his ilk have towards the wishes of the British people who show no interest in the Euro and every desire to keep the Pound.
Friday 12 June 2009
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