Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-12-17-Speech-4-270-000"
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"en.20151217.32.4-270-000"2
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"Mr President, let me take you back to 1990 when the then British Chancellor, John Major, proposed a European single currency, which was quite a novel concept at the time to many people back in the United Kingdom. We then joined the exchange rate mechanism, which, in one sense, could have been seen as the euro, though without the notes and coins. We fixed our exchange rates and certain aspects of monetary policy.
Well, of course, unemployment soared and more businesses went bust than in any other two-year period in British history. We had to crash out of the ERM and it took our economy years to recover. Thank goodness we did not join the euro, because we might have suffered the same consequences that many of the countries which did join the euro have themselves suffered. Mr Major was wrong then. He recommends that Britain should stay in the European Union. Let me tell you that he is wrong now too."@en1
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The resource appears as object in 2 triples