Euro

Saturday, June 07, 2003


very good andrew marr article

But the sour aftertaste of this war, with the questions about its real motivation and even legality, have not put him in the commanding position he would need to lead us into the euro.

Those are real worries for him. But not for most of the rest of the country. It's beginning to look as if he'll need to win another election if he wants to get us into the euro.
http://news.bbc.co.uk/1/hi/uk_politics/2971846.stm


Friday, June 06, 2003


http://www.guardian.co.uk/elsewhere/journalist/story/0,7792,972180,00.html


Government will signal intention to join euro with referendum Bill
http://news.independent.co.uk/uk/politics/story.jsp?story=412807


Tuesday, June 03, 2003


Good article on housing costs in UK and eurozone
http://www.no-euro.com/mediacentre/dossiers/display.asp?IDNO=1276


FDs think euro would be good for business, but not vote for it themselves
http://www.accountancyage.co.uk/Features/1133698


Britian shaping Europe - Gordon Brown
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2003/06/03/do0301.xml&sSheet=/portal/2003/06/03/ixportal.html&secureRefresh=true&_requestid=282635


Sunday, June 01, 2003


LORD WALKER OF WORCESTER
Positive on euro.

http://216.239.37.100/search?q=cache:dKp2YzEAQNoJ:uk.country.csc.com/en/kl/uploads/177_1.PDF+%22lord+walker%22+worcester+euro&hl=en&ie=UTF-8


HAGUE
Joining the euro has not caused Germany's problems, but it has dramatically restricted her ability to solve them. Faced with this situation, Germany would almost certainly have lower interest rates than those set by the European Central Bank if it was free to do so. The main instrument for combating recession would be a looser monetary policy.
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2003/05/25/do2501.xml&sSheet=/portal/2003/05/25/ixportal.html


62% FD directors say euro will come
http://www.accountancyage.co.uk/News/1133656


Euro delay 'would cost us £2,000 a year'
By Jo Dillon, Deputy Political Editor
01 June 2003


British citizens would each lose £2,000 every year that the UK stayed out of the euro, a leading economist has warned cabinet ministers.

In a pamphlet for the pro-single currency group Britain in Europe, Professor Robin Marris, an emeritus professor of economics at the University of London, says there is no better time than now to sign up to the euro and there is "no valid economic reason for delay".

His paper has been distributed to every member of Tony Blair's Cabinet, as they grapple with the document drawn up by the Treasury giving its assessment of Chancellor Gordon Brown's five economic tests. A public announcement will be made by the Chancellor on 9 June.

Professor Marris argues in his economic analysis that staying out of the euro would cost Britain 0.5 per cent on economic growth. He says that economic welfare in the UK is more likely to benefit than to suffer from membership and that the ideal rate for entry is the current exchange rate of €1.40 to £1.

He writes: "If the British Government or people decide to stay out of the euro on political grounds, the cost will be borne by future generations ... The only conceivable reasons for delay are political and there is no valid economic reason for delay."

The professor's findings are broadly backed by a panel of 11 leading economists from around the world who prepared an accompanying document for Britain in Europe.

But the Government is understood to be increasingly uneasy about the prospects of a euro referendum following a spate of opinion polls making it clear that the British public is doggedly against membership, by two to one.

And, more worrying still, the Tories' latest poll rating was within a point of Labour, following the row over calls - rebuffed by the Government - for a referendum on the proposed changes to the European Union's constitution.

Robert Worcester, the chairman of the polling organisation Mori, said that 77 per cent of people wanted a referendum on the EU constitution. He warned that the failure to hold one meant an early referendum on single currency membership was "even less likely". "I don't think it's likely at all. I wouldn't be surprised if we hadn't had a referendum on that before 2009."

However, Stephan Shakespeare, from the pollsters YouGov, whose survey found the Tories closing the gap with Labour, argued that polling showed that if cabinet ministers - particularly Mr Blair and Mr Brown - were prepared to wholeheartedly campaign in favour of the single currency "it would still be hard to win but would start as an even race".

Britain in Europe continues to insist that there is still "everything to play for" and that cabinet support is crucial.

The former prime minister Sir Edward Heath, who took Britain into Europe, said many opponents of the euro were following a concealed agenda to bring about Britain's withdrawal from the EU.

The euro decision was Britain's chance to end its "ambivalence" on Europe. Sir Edward urged membership on both political and economic grounds.

http://news.independent.co.uk/uk/politics/story.jsp?story=411268


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