Thursday, May 22, 2008

Is the time right for the UK to join the Euro?

Seven years ago Gavyn Davies, then Chief Economist with Goldman Sachs is reportedly to have told Tony Blair that he should join the Euro at a time when the dollar is falling and the Euro is rising. Guess what...

According to the FT joining the Euro would now make economic sense but would it make political sense? Yes it might make life uncomfortable for David Cameron and the Tories in the short term but it would present an even bigger problem for Gordon Brown.

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