'Criminally stupid!' Adonis savaged for claim UK will join Euro after running back to EU


In yet another tweet, the arch Remainer and Labour peer, insisted the euro has strengthened the bloc’s economy. He also said the optimistic predictions set for the currency, have now been realised. Lord Adonis said today: “On this 20th anniversary of the Euro, optimistic predictions at its launch have mostly been realised, including that it would last & strengthen the EU & its economy.

“British critics, who used it to drive towards Brexit, simply damaged their own country.

“One day Britain will join.”

Despite his comments, some disagreed with the prominent Remainer.

Mike Barrett said: “Like Rip Van Winkle, you have slept for the past 20 years and haven’t noticed the devastation wrought on southern Europe by the imposition of German economic hegemony.

“To suggest we should join the Euro is criminally stupid. You are an unthinking ideologue. Excuse the tautology.”

Another account, named Science Geek said: “We are better off in the single market and out of the one size fits all currency union – we had the best of both and blew it.

“The euro is a failed political experiment that has fed populism in Southern Europe.

“What saves it is there is no genuine exit mechanism – that is not a good thing.”

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In the last year, the eurozone has begun to be gripped by an energy crisis due to a lack of supply from Russia, which caused prices to surge.

According to figures from the Institute of Statistics, Italy, which was one of the first countries to adopt the currency, has seen debt levels increase over the last 20 years.

In 2002, when the currency was rolled out, its debt stood at 106.4 percent of the country’s GDP.

In 2020, that figure has surged to 155.8 percent.

Likewise, Greece’s debt has surged to 205.6 percent while Portugal’s now stands at 133.6 percent.


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