“Lord” Mandelson (The Prince of Darkness)

WELL………WELL…..The “Prince of Darkness” is at it again…..The unelected member of the British Government is on his favourite hobbyhorse the EU and the euro!!!!!

He has kicked off controversy again over British membership of the euro after it emerged that Business Secretary Lord Mandelson said it was "obviously" still an objective of the
Government.

Conservatives said it was "deeply disturbing" that Lord Mandelson should raise the issue at this point.
They claimed that Britain would have suffered more in the recession if it had not had the freedom to lower its own interest rate.

But Lord Mandelson insisted that the European single currency had been "a great success" during the downturn.
"It is perfectly clear that the euro has been a great success in anchoring its eurozone members during this financial crisis," he said, in remarks following a speech in Berlin.

When he was asked if the British Government would consider joining the euro, Lord Mandelson replied: "Does it remain an important
objective for Britain to find itself in the same currency as that single market in which it interacts? Obviously yes.
"That has to be a decision taken on the right terms, in the right circumstances and conditions, and therefore at a future time than we have now."
One of his lacky’s said that he was restating the long-standing Government policy that it would be
beneficial for Britain to join the euro in the long term, but only when the conditions were right, and had made clear that the time was not right now.

The shadow foreign secretary William Hague said: "It is deeply disturbing that the man who now makes most of the Government's policies has declared that Britain should join the euro.
"The fact is that if we had scrapped the pound, interest rates would have been lower in the boom and would now be higher. Under the euro, Gordon Brown's boom and bust would have been even deeper. Lord Mandelson's failure to learn this obvious lesson shows how bereft Labour are of fresh thinking."

Perhaps Mandelson should take a trip into France and ask the man in the street what he thinks about France giving up the franc…..Once he had picked himself up and brushed himself down he would hear that the common complaint in France is that the prices in the shops have gone through the roof since the introduction of the euro….but…….why should he care…..He’ll be cushioned against the economy when he retires and starts to collect his numerous pensions he’s accumulated from all the “jobs” he’s bluffed his way into!!!!!