A thousand years of history?
Not a major pronouncement, but a useful summary of Tony Blair’s views on the euro crisis in an interview with France 24, which I missed last week.
He was clear about his wish to have “tightened” fiscal policy 2005-06. “I didn’t win that one” (against Gordon Brown), he admitted, “but it was marginal”. It was the global financial crisis that was more important in destroying the UK public finances than Brown’s borrowing during the boom years.
At one point the interviewer asks how long it would be before the UK adopts the euro: “One thousand years?” I don’t know if he realised that this was Gaitskell’s phrase when he rejected Common Market membership in 1962. Blair thought it wouldn’t be that long, although did not offer an alternative date. But he did reject the suggestion that the country simply had to take a “leap of faith”. Blair replied: “The leap-of-faith concept is what got us into this problem.”
He is right about that, at least.Tagged in: euro, euroscepticism, tony blair
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