It was very nearly a year ago, with the first phase of the financial crisis in full flow that I observed: "If, by the end of this crisis – if it ever ends – the EU is not a smouldering wreck, it will emerge stronger, more powerful and more arrogant than before. It will destroy the City of London and what remains of our prosperity with it. It will regulate it to death." The crisis is not over – just in temporary abeyance - with rumours of a currency crisis building ... and hotly denied.
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