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European currency unit

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Euro --- European currency unit

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European currency unit. --- Finance

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The most important decision now facing the British government is whether or not join the euro. Gordon Brown’s statement of October 1997 sought to put off the decision until after the next general election. But this tactic of “prepare and decide” is already wearing thin. International speculation is mounting about the timing of sterling’s entry. At home, domestic pressure for an earlier decision is building. Andrew Duff argues the case for an urgent decision – one way or the other. He says that the longer the UK delays, the greater the risks, and the harder it may be to go in eventually. The Chancellor’s own tests have been as satisfactorily answered as they are ever going to be; his “unforeseen change of circumstances” has happened. The euro is launched successfully; as an outsider, Britain’s political influence is rapidly declining; the preparedness of British business is stalling in the absence of a clear government decision; public opinion is stagnating; and sterling is threatened with volatility. Moreover, with electoral reform postponed, the prime minister’s modernizing project needs the added impetus of the euro referendum

European currency unit --- Monetary unions --- Monetary policy

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Monetary unions --- Money --- European currency unit.