In September 2011, Hague said that the Euro is "a burning building with no exits" for some of the countries which adopted the currency. Hague first used the expression when he was Conservative Leader in 1998—and said in an interview with "The Spectator" he had been proved right: "It was folly to create this system. It will be written about for centuries as a kind of historical monument to collective folly. But it's there and we have to deal with it," he said. "I described the Euro as a burning building with no exits and so it has proved for some of the countries in it," he further said, adding "I might take the analogy too far but the Euro wasn't built with exits so it is very difficult to leave it".