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Those predicting a disastrous outcome if the UK leaves Europe have short and selective memories

letter of the day: eu referendum

Published 16/05/2016

Dan O'Brien (Business Telegraph, May 10) - among others - has stated that it would be a disastrous event if the people of the UK voted to leave the EU, with an almost apocalyptic outcome for all concerned.

Stating any potential loss to both the Irish and UK economies in the event of a vote to leave the EU is a matter of opinion, but still misses the point of holding the referendum in the first place.

Trying to intervene in a foreign nation's referendum in such terms is profoundly patronising. You would imagine the citizens and institutions of Ireland would appreciate that "interference" from another country would be recognised more than most.

When Prime Minister David Cameron promised a referendum, he and his Government were convinced that they would negotiate and extract "ring-fenced" changes and reforms from fellow member states within the EU.

He did not get them, and largely failed in his protracted talks and meetings with those who clearly have no real intention of reviewing and implementing the changes urgently needed within the EU.

Those who predict doom for the UK if it were to choose to leave the EU clearly have short and selective memories.

When the UK joined the European Exchange Rate Mechanism (ERM) in 1990 it precipitated one of the worst recessions in the country, with interest rates rocketing past 15%, record home repossessions, business collapses and inevitable unemployment.

PAUL KENNEDY

Tuam, Co Galway

Belfast Telegraph

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