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October 23, 2011
Sunday
 
 
Why Britain should join the euro
Natalie Solent (Essex)  European Union • European affairs • Historical views

'Why Britain Should Join the Euro' - a pamphlet by Richard Layard, Willem Buiter, Christopher Huhne, Will Hutton, Peter Kenen and Adair Turner, with a foreword by Paul Volcker.

One of the authors, AdairTurner, now Lord Turner, is interviewed in today's Observer, which is where I saw the link. He has changed his mind a little since 2002, when the pamphlet was written, but not to an unseemly extent. Now Chairman of the Financial Services Authority, he is concerned about the current situation but remains confident that "sensible decisions are going to be made".

So there you are then. Cheer up!

Comments

Would we have been in a different financial position now had we joined the euro? We (as in the UK) still seemed to have binged on public & private debt arguably more than any of our eurozone neighhours despite independence from a common interest rate policy.


Posted by Super Sam at October 23, 2011 09:48 PM

The politial elite (including Mr Cameron) have decided that only "more Europe" ("fiscal union") will do - although not (perhaps) at once. Failure is to be rewarded by wider power (Atlas Shrugged style).

As for the short term - the only debate is over how to bailout ("recapitalize") the banks (yet again) not whether to do so.

The elite are true to their education.

They are "good students" - that is how they get their nice jobs.


Posted by Paul Marks at October 23, 2011 10:00 PM

Looking at the list of names, I am not impressed. Lord Turner a complete disaster at the CBI and has not improved. All worshipers at the EU altar of greenie and the fairies.


Posted by Derek Buxton at October 24, 2011 01:41 PM
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