The Daily Telegraph: The great euro swindle

Peter Oborne and Frances Weaver club the Euroenthusiasts who are now swaying on their feet, nearing collapse. Reality has pummeled them: a common currency among countries with different economies that need very different monetary policies is an idea that just can't work. One ordinarily feels an impulse not to pile on, but in this case the words of celebrity boxing referee Mills Lane come to mind: "I'll allow it!" This lot requires public opprobrium because of the ultimate destructiveness of their policies, which is matched only by the depth of their arrogance. The world needs them to go into that political and cultural good night at last, and their ideas and over-confidence need to go with them. Has their ever been a smugger bunch just begging for a fall?

Very rarely in political history has any faction or movement enjoyed such a complete and crushing victory as the Conservative Eurosceptics.

The field is theirs. They were not merely right about the single currency, the greatest economic issue of our age – they were right for the right reasons. They foresaw with lucid, prophetic accuracy exactly how and why the euro would bring with it financial devastation and social collapse.

Meanwhile, the pro-Europeans find themselves in the same situation as appeasers in 1940, or communists after the fall of the Berlin Wall.  They are utterly busted.