The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.

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Euro disaster hits Germany

Roger Helmer MEP

A recent poll has shown that the euro is a complete disaster for Germany. In the poll, carried out by the prestigious Allensbach Institute, 54% of Germans said they want the euro to be replaced by the Deutschmark.

54% of Germans said they want the euro to be replaced by the Deutschmark

The result comes ten days after the German Government and the National Bank finally admitted that the euro has caused a huge increase in prices. According to the Federal Office for Statistics the most significant price rises have occurred in service industries and restaurants.

The price gouging has contributed significantly to the drop in consumer spending and confidence in the country. The Germans have even dubbed the new currency as the “teuro” from the German word “teuer” for expensive.

Three years ago I predicted that the euro would be bad news. But now we can see it happening. We'd be mad to give up the Pound now.

The euro has been a complete and utter disaster for Germany. Not only have they seen prices go through the roof but the euro interest rate is too high for Germany, and their unemployment rate is double our own.

Britain is out-performing the moribund euro-zone

With the Pound, we can set interest rates and monetary policy for British jobs and British prosperity. That's why on almost every measure — inflation, unemployment, growth, inward investment — Britain is out-performing the moribund euro-zone.