Germany and France might be in denial about the flaws of the Eurozone but we are definitely not. Cameron was right to do what he did, writes Jonathan Gillespie.No one can accuse The Sun of not being environmentally friendly. It seems that the front cover of their Saturday (10/12/12) issue has given a few people a sense of Déjà Vu, being fairly reminiscent of the 1990 headline “Up Yours Delors”. This article was about a certain European advocating an EU Central Government (Delors that is, not Merkel). A week ago Saturday, (3/12/12) Delors – the man the article pertained to – who was instrumental in building the Euro and the single Currency, came out and said that the 'Euro was flawed from the beginning' and that Merkel’s and other European leader’s efforts now were ‘too little, too late’.Now, the left seem to be big fans of Europe. Why shouldn’t they: its ability to bring equality across Europe, not put power into the hands of certain individuals (or nations), not allow certain nations to take advantage of other nations. But, are we quite sure it has (or hasn’t) done just that? We’ll take the country that has been at the centre of all this controversy as an example: Greece. Well, Wikipedia has a lovely little graph which shows us GDP Growth of Greece from 1961, and here we can ascertain quite a few points. Firstly, GDP growth peaked through the 60s, meaning that its development has stinted since, and secondly, that the average percentage (or, if you like, average of the annual percentage) pre-Eurozone was around 7% of GDP per annum, whereas after their joining of the Eurozone was around 3% (again average percentage of percentage). This clearly shows a downtrend after the joining of the Eurozone, and furthermore, the the 70s and 80s were pretty poor for Grecian growth as it was badly hit by the 70s recession.Having a brief glance at this graph on Italian GDP Growth you can see a downwards trend post 2002 when the nation adopted the Euro as its official form of currency. You can see that from 1990 to 2000 the trend was slowly increasing and after accepting the Euro the trend decreased considerably, even though this was a period of greater economic prosperity than the decade before when Italy had been progressing well. In both cases there is no definitive evidence that the Eurozone has helped these two nations prosper, and in fact the evidence shows the Eurozone has hindered their progress.There are many reasons for this, firstly interest and inflation rates are set by Germans, who will probably not (why would you?) set them so that development of smaller countries is as high as it can be. Interest Rates and Inflation are targeted for Germany and France and the richer nations. This means that nations which are wishing to develop and expand rapidly find it harder to do so, and is why the only way in which the smaller nations in Europe will benefit from the Eurozone would be for a single Government running Europe, collecting in taxes and spreading them out so as to target poorer areas (and subsequently poorer nations). The left must face the fact that the Eurozone is harming and hindering smaller nations in Europe and is not helping them progress. It is not (I repeat, not) beneficial to Greece, and Greece should be allowed to go bankrupt and exit the Eurozone so as to set up its own economy. Two years ago the same thing happened, how many more times does it have to happen?Now, because there isn’t much evidence to support the Euro anymore (other than if you’re arguing we should have a One-Europe State), the left has condemned Cameron’s decision to veto a possible treaty (and/or ratification) through flimsy arguments about how it isn’t best for Europe or the UK. When it comes to the left stating that Britain is isolated, well to believe we are now more isolated than before is odd and rather poor: how can you be more isolated than, practically, complete isolation itself? Sarkozy did say it himself that “[the UK] say you hate the euro and now you want to interfere in our meetings”. It is regrettable – or not so, depending on how you look at it – that Europe clearly doesn’t want the UK anymore than the UK wants Europe. It is quite plain and simple that we cannot, with any attempt whatsoever, integrate with Europe and the Euro without full out pledging to join it (which itself probably would be looked upon with distain by our dear old friend Monsieur Sarkozy). I believe that Terry Smith put it brilliantly when he said: “[we are] as isolated as someone left on the dock in Southampton as the Titanic sailed away”. Good riddance.I will leave it to the Spectator to describe how poor the argument is that we are pandering to London; “Financial services accounted for a £35bn trade surplus last year — one of the few sectors that generated a surplus, as well almost 2 million jobs and it contributed £54bn in taxes.” We should be honest: London is the basis of our economy and any attack on its strength is an attack on our whole nation’s economic strength. It is the financial capital of the world and London should never be put in jeopardy of its status. Why should we risk London’s status for the benefit of Europe; especially when we have proven that it doesn’t help the smaller nations of Europe.We as a nation do not want Europe. We don’t like Europe. Joining the Euro would be met with protest that might just equal Poll Tax Riots. Of course, no one would do this, but from Sarkozy’s own mouth it seems that it would be the only way we can be “good pals” with Europe. Furthermore, the Euro is a travesty (as described by its builder himself) and does nothing for – or more probably has hindered – the smaller nations of Europe. The Euro is dead. It’s not an if. There are no buts. It is a question of when and how. Germany and France might be in self denial about its flaws and the question of its survival (although maybe not, as Germany has supposedly been printing Deutche Mark) but we are definitely not. Cameron was right to do what he did, nearly everyone agrees with him. We now must sit and wait to see what happens.Jonathan GillespieWhat do you think? Comment below or Become a Contributor and have your own articles publishedEarn money completing surveys - Join YouGov

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