Article: This is why it was so foolish to surrender our sovereignty.

TO THOSE of you who shrugged off the importance of national sovereignty when this State signed away its independence to the European Union, I do hope each one of you is mortgaged up to your eyebrows. I hope your grown children have just taken out 95 per cent mortgages and that you have financed your business expansion by borrowing a daring amount of money from the bank.

Because those of you who wanted 'an ever closer union' deserve to get it good and hard: and yesterday's latest increase by the European Central Bank in the key interest rate shows that you may be just about to get what you deserve.

When that happens, when the ECB drives interest rates here beyond what ...

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