Funny how Nigel Lawson has been on the radio talking about how the whole Euro project was a disaster from the get go.
I seem to remember that he was very keen on the ERM, the pre-cursor to full monetary union. It was partly the reason for his resignation, along with disagreeing with Margaret Thatcher's economics advisor, Alan Walters.
He had also run a policy of shadowing the Deutschmark, one reason for the "Lawson blip" or early Nineties recession. Bit rich to now be banging the anti-Euro drum now isn't it?
Squiffy
Saturday, 17 September 2011
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