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Posted Nov 28, 2015 by Martin Armstrong
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Thatcher knew the Euro would fail and stated bluntly that the “government believes in the pound sterling”.
“We had arguments which might persuade both the Germans – who would be worried about the weakening of anti-inflation policies – and the poorer countries – who must be told that they would not be bailed out of the consequences of a single currency, which would therefore devastate their inefficient economies.”
Categories: Uncategorized
