Unlike the Germans, who wanted the euro because they despaired of their own future, fearing it would too much resemble their past, Lady T gloried in her country’s history and traditions, and did not want to see them dissolve in a federal Europe that would use the euro to impose its failed vision on the member states. Over and over again, she warned that the euro would mark the beginning of the end of national sovereignty for the members, including Britain. She was right.
Whatever slim hope still exists for British leadership is due to her battle to retain the pound sterling and to assert her political and moral vision. Very slim indeed. But then, before she took over, it looked hopeless. You never know.