'Lord Mandelson, Nick Clegg, Lord Heseltine, Paddy Ashdown and Ken Clarke have all gone incredibly quiet on the subject of the single currency.'However people of that ilk don't apologise for being so, so, so wrong in the past, they just move on to the next way of achieving their ends.
Iain Martin in The Mail explains...
'Surely, it was one of the greatest escapes in Britain’s history.Read the whole article for an explanation as to how EU rules have been bent to allow the bailouts but above all remember this:
If we had been foolish enough to go into the European single currency we would be in an even more dire economic situation than we are now.
The euro’s lower interest rates would have made money even cheaper and easier to borrow during the boom, making the recession deeper when the bubble burst and more difficult to get out of.
You won’t hear any of this from those in the political establishment who cravenly backed Tony Blair when he was madly trying to abolish the pound.'
'We are on the hook in other ways, too, unfortunately. The most disgraceful last act of the Labour government was to sign us up to take part in the financial rescues for Ireland and Portugal.'Yes as with so much that is wrong with this country, it is the last Labour government's fault and they should be both blamed and held to account.
As for the people named at the top of this piece, shouldn't they be asked about their previous (and for all we know current) Euro enthusiasm and whether they admit they were wrong? And whilst we are the on the subject, shouldn't just one interviewer ask Peter Mandelson where his loyalties lie bearing in mind that EU pensions are, I believe, paid on the understanding that the EU can remove this pension, if in the view of the Commission or the Luxembourg Court, they "fail to uphold the interests of the European Communities".