Boris is not biggest threat

ROD Slater may question the credentials of Boris Johnson but there are far greater dangerous forces at work than him, (‘Better to be USA colony,’ Viewpoints, July 20.)

Oligarchs, billionaires, big business and Brussels bureaucrats are fighting to keep things as they are and batter the public into submission with endless negative propaganda.

It wasn’t a snap decision to leave the EU by a majority UK public, but growing resentment towards an overbearing institution whose main objective is to extinguish national identity and self determination; whilst extracting maximum revenue.

The inference that only the least intelligent, uneducated and illinformed voted to leave, is a gross insult to the wide spectrum of experienced, knowledgeable and concerned mature British public.

The EU has suffered death of a thousand cuts since the euro was foisted on an unsuspecting population, as a means of entrenching deeper political union which is unviable and certainly not what was voted for in 1975.

Mounting rebellion across Europe against the EU trajectory was emerging long before the British referendum.

Supporters of staying in the customs union should consider that in 1999, the euro was created with a limit of 60 per cent debt of national GDP, by EU rules, but Germany insisted that the currency could not be viable without Italy so ignored their 130pc of GDP debt.

In 2012, Greece defaulted with 100bn of debt yet now foreigners hold about 740bn euros of Italian government bonds, which is 1.5 times the combined equivalent of Greece, Ireland, Portugal and Spain.

Italy owes €430bn to the rest of the euro system; Spain owes €377bn; while Germany’s claims on the euro system are €835bn. Who is going to pay the bill?

Contrary to losing stature, the UK will flourish in a 7.4bn world market and gain respect for breaking free from a dysfunctional protectionist racket, and although Mr Slater is right to highlight the historical importance of Brexit decisions, continued referendums until we bow to EU diktat is the last thing needed. Bill Newham, Worsley