Greek Finance Minister Yanis Varoufakis, not representing the Vote Leave party of the United Kingdom, said former Britain Prime Minister Margaret Thatcher was correct in her plan to stay out of Europe.
According to Varoufakis, Britain would face about a half-rate unemployment once it joined the Euro.
Britain’s special arrangement with the Eurozone allows it to stay out of Europe and have its own currency.
Speaking in the Hay Literary festival, Varoufakis said he had protested against Thatcher’s government living in the 70s and 80s but he admired Thatcher’s principles about a lot of things.
“That last speech…for Prime Minister’s Questions, she gave an amazing performance… and someone from the other side decided to challenge her on the opposition to the European Central Bank policy and she came out all guns blazing and made the most pertinent comment about European Central Bank and the Eurozone.
“It was very nuanced and sophisticated. She said that whoever controls interest rates in Europe control the politics of Europe and that money cannot be de-politicised .
“And the idea that we can be outside the realm of politics, a democratic business managing Europe money is the first step towards very unsavoury burdens and she was completely and utterly right.
“She was probably completely correct it is because of that you don’t have 50 per cent unemployment which you would have had if you had been in Europe.
“Even though I spent my youth joining every demonstration against Mrs Thatcher’s government, and there were many, I always had a great appreciation of her.”