Posts Tagged ‘join the euro!’
Posted by seumasach on December 12, 2008
Joining the eurozone is one way of limiting the terrible price of the City’s antics. But will politicians brave public opinion to do it?
John Palmer
Guardian
12th December, 2008
According to the Sun, Gordon Brown has assured the entrepreneur Sir Alan Sugar that he has no plans “to ditch the pound” and join the euro. And certainly, the closest scrutiny of the agenda for the two-day summit meeting of European Union leaders that begins in Brussels today does not reveal any item dealing with a possible British overture to the members of the European single currency about joining the single currency.
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Posted by smeddum on December 4, 2008
Mandelson rejects euro talk claim
The dominant political parties in the UK have broken silence on the euro. This in typical Orwellian fashion is a non-story. Overtly it says nothing has changed. The whispers in Whitehall are being denied. Yet it appears there is no substantive rejection of the euro other than popular sentiment which is buoyed by the media. The Conservatives have come out with their usual mantra on interest rates. It is hard to tell how much both parties have lost contact with reality but the article may represent a pivotal shift in the way the euro will be reported as the pound sinks
BBC
Lord Mandelson was a European Trade Commissioner for four years
Lord Mandelson has denied telling the head of the European Commission the UK was ready to join the euro. Read the rest of this entry »
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Posted by seumasach on December 1, 2008
Posted in Financial crisis | Tagged: financial collapse, join the euro! | Leave a Comment »
Posted by seumasach on November 30, 2008
Barry Eichengreen
Today’s Zaman
30th November, 2008
The global financial crisis has breathed new life into hoary arguments about the euro’s imminent demise.
Such arguments often invoke Milton Friedman, who warned in 1998 that Europe’s commitment to the euro would be tested by the first serious economic downturn. That downturn is now upon us, but the results have been precisely the opposite of what Friedman predicted.
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Posted by smeddum on November 28, 2008
Britain should join euro says Hong Kong’s Tsang
Britain’s efforts to hold on to sterling are doomed to failure in a global economy dominated by powerful currency blocs, said Hong Kong’s leader Donald Tsang.
By Ambrose Evans-Pritchard,
International Business Editor Telegraph
27 Nov 2008
Britain should join euro says Hong Kong’s Tsang
Mr Tsang, an elder statesman of Asian finance, said open trading states must adapt to the realities of modern finance.
“I do not believe in the sustainability of a small floating currency. Look at the pound, it’s being attacked,” he said in interview with the Daily Telegraph. Read the rest of this entry »
Posted in Financial crisis | Tagged: join the euro! | 2 Comments »
Posted by seumasach on November 22, 2008
FT
15th november, 2008
Iceland’s government has reversed its long-standing opposition to European Union membership in the wake of the collapse of its banking system and could join as early as 2011.
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Posted by smeddum on November 19, 2008
UK ‘Welcome To Join Euro’
SkyNews
November 19, 2008
Michael Wilson, Business editor
As the pound struggles against other major currencies, the president of the European Central Bank has told Sky News that Britain is “welcome at any time” to join the euro. Read the rest of this entry »
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Posted by seumasach on November 16, 2008
Maverecom
November 13th, 2008
With the pound sterling dropping like a stone against most other currencies and credit default swap rates on long-term UK sovereign debt beginning to edge up, this is a good time to revisit a suggestion I made earlier on a number of occasions (e.g. here, here and here), that there is a non-trivial risk of the UK becoming the next Iceland.
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Posted by seumasach on November 16, 2008
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Posted by seumasach on November 16, 2008
What kind of democracy is it where discussion of the most crucial issues facing us is ruled out of order? Britain badly needs glasnost, openness.
Guardian
16th november, 2008
George Osbourne today dismissed criticism that he lacked judgment in predicting a run on the pound, insisting it was his job to tell “the truth about the British economy”.
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Posted in Financial crisis | Tagged: glasnost, join the euro!, run on pound | Leave a Comment »
Posted by smeddum on November 16, 2008
It might be politically toxic – but we must join the euro now
Will Hutton
guardian.co.uk, Sunday November 16 2008 00.01 GMT
The Observer, Sunday November 16 2008
Hutton finally sees the light.
When the euro launched nearly 10 years ago, an unnamed euro-sceptic currency trader – now almost certainly redundant – famously called it a toilet currency. Last week it climbed to an all-time high against the pound. Read the rest of this entry »
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In These New Times 