The case against Europe: Doomsayers wail that a euro break-up would trigger Armageddon. That¿s what they said about us leaving the ERM ¿ but it sparked an economic boom! | Mail Online

The case against Europe: Doomsayers wail that a euro break-up would trigger Armageddon. That¿s what they said about us leaving the ERM ¿ but it sparked an economic boom! | Mail Online ;..
How did so many clever people get it so wrong? The flaws in the euro project were visible at the outset. It was never going to be possible to jam widely divergent economies into a single monetary policy.
Yet, in every national parliament, in every central bank, in every university faculty, in every BBC editorial conference, there was a collective suspension of disbelief.
Why? What were supporters of the single currency thinking?
Sometimes I wonder if it wasn’t so much a case of them liking the euro but more that they disliked the people who opposed it. They characterised opponents as xenophobes and Blimps, fogeys and Little Englanders, in contrast to their own image of themselves as progressive, cultured, free-thinkers.


Read more: http://www.dailymail.co.uk/news/article-2188912/The-case-Europe-Doomsayers-wail-euro-break-trigger-Armageddon-That-s-said-leaving-ERM--sparked-economic-boom.html#ixzz23kUA9uVN