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Joining the euro could mean chaos for the UK

As I read the Irish Examiner article ‘Britons must face up to Brexit consequences’ ( February 2 ) by Ana Palacio I could not help but feel this was the work of those powerful forces which are increasingly dominating and controlling all our lives as Ireland knows to its cost.

Then, surprise surprise, it reveals the author is a former Senior Vice President of the World Bank.

The article curiously included the following sentence: “But the British should also be worried about the consequences of withdrawal, if only because of how little is known about what it would entail”.

For Britain to surrender its sovereign bank status in favour of the euro and the European Central Bank, given that monetary union (single currency) has not worked and will not work until each member country has the ability to revalue its own currency depending on its own fiscal discipline and economic performance is questionable.

It could mean major upheaval for the UK, as it did for most EU countries during the bank crisis.

A two-tier EU would be a two-class EU and Ireland knows what it is like to be a second class EU member.

Could the endgame for the power brokers and geopolitical game-players be a United States of Europe army marching down the Champs- Élysées?

Joe Brennan

Ballinspittle

Co. Cork


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