Murdoch said: 'My feeling about the euro is there is a lot of nonsense spoken about it. The five tests etc, but it is a political decision...the central issue is one of sovereignty. If you give up control of your currency, you are going to give up control of your tax system just as night follows day. The idea of Europe having one foreign policy, tying up its military in one organisation, it seems to me 100 years premature.'