The Euro, A Rush Of Blood To The Head......

[ToraToraTora]

https://www.bbc.co.uk/news/uk-55454106
Looks like I wasn't the first to describe the EUSSR as such:
TGL referred to the "politburo in Brussels" - PMSL.
Ok my tin hat is on........

[Togo]

Thanks Tora. We are well out of it and the French are living on German credit at the Rue De Wakening.

[ToraToraTora]

TBF sunk has a point, no referendum was necessary I don't think anyone in a position to decide to join would have wanted to. I think St Tony and T-Lite were well aware that it was a political shoe horn rather than a serious economic endeavour. Essentially the EUSSR was putting the cart before the horse.

[Sunk]

Yes, some long forgotten ABer, R1Geezer coined it years ago.

[Sunk]

It was wise not to join the €uro.
Thatcher was right, Major was wrong, Blair was right, and Brown was wrong. Miraculously we stayedout, which was fortunate.

[THECORBYLOON]

Found a reference from 2006, even earlier than TORATORATORA's previous incarnation.

[New Judge]

//There was never any need to have a referendum about joining the €uro, you are just falling for Blairs bullsh*t.//

I know there was no need. I believe Mr Blair was using that as an excuse to hide the fact that he would not have got the support of his own party and/or Parliament.

[ToraToraTora]

ok so who first used it on here then? what's the earliest example anyone can find?

[THECORBYLOON]

My reference to 2006 was not from this site.

[New Judge]

Having failed to force "ever closer union" by controlling trade the Euromaniacs believed they could further their cause by creating a single currency. It was obviously the cart before the horse. A single currency will only operate with full fiscal and political integration. You can't achieve that union by forcing the parties to use a currency which is not suitable for their economies. The euro is only suited to one economy and you don't need to phone a friend to discover which economy that is.

[Sunk]

According to carious on-line dictionaries, EUSSR seems to have been couned in 2005. Doubtless it only arrived on A pB when Richard Littlejohn pickedup on itaboyt 10 years later.

Not sure why people like the phrase, the EU is a collective of central banks, money speculators and world hedge funds, and about as far away from the Soviet Union as it is possible to get.

[Sunk]

Lot of typos there.
Time for bed methinks

[ichkeria]

I wish we'd joined the Euro and am happy to say so.
It was hardly a "rush of blood to the head" despite what it may have seemed at the time.

[New Judge]

Well, ikky, if that had been the case, if you think the UK economy is in a bad way now, it is in tip top condition compared to how it would have been had we adopted the euro.

Why do you say you wish we had adopted the euro? Imposition of the Single Currency was arguably the single biggest blunder (among many candidates) that the Euromaniacs contrived. It has been an absolute disaster for many of the eurozone nations. There is one definite winner and another (France) who thought it would save them from a German dominated EU but it didn't. A very few others who have just about held their heads above water since its launch. The rest have struggled since its inception and a few (Greece, Italy and Spain for sure) have seen their economies shredded since adopting it. It's true that the economies of those countries were problematic to say the least, but having no control over their exchange rates and interest rates has left them absolutely shattered. The UK, also stronger, would have been in the same position, especially when dealing with the 2008 financial crash and the crisis of the euro itself in 2012-13.

It is widely acknowledged by just about everybody except the Euromaniacs that the introduction of the Single Currency was a monumental mistake. However, it will not be reversed any time soon because those able to make that happen will not accept that it was a blunder. Like they have with trade, they see the Single Currency as an ideal way to force together nations which otherwise might diverge onto different paths. They were wrong with trade and they are monumentally wrong with the euro. The trouble, as the UK found with Brexit, is that the strategy of disabling national legislation and replacing it with the European version makes it extremely messy to reverse the process and it is a mess that most users of the Single Currency simply cannot afford.

[Peter Pedant]

// I wish we'd joined the Euro and am happy to say so.
It was hardly a "rush of blood to the head" despite what it may have seemed at the time.//

pound matched the euro for a long time ( before bloody friday) and was poised to join
when George Soros realised that it was a speculation spectacular - bet against the pound and..... made a billion - 1994 Lamont I think

so it was a very expensive ( for us ) mistake

TTT holds "who first said EUSSR" contest
Jesus only on AB

[New Judge]

//pound matched the euro for a long time ( before bloody friday) and was poised to join
when George Soros realised that it was a speculation spectacular - bet against the pound and..... made a billion - 1994 Lamont I think//

Except that when Mr Soros made his billion (in 1992 actually) the euro was seven years from being launched. Mr Soros made his money by shorting against Sterling which at that time was pegged (by ERM1) artificially to several other currencies in order to make them "more stable". The euro put paid to stunts like that. Instead of one man making a billion, 280 million people (all the users bar those in Germany) see their livelihoods jeopardised by being forced to use a currency which is suitable only for an economy which bears no resemblance to their own.