When I went to the LibDem conference last September there was a Very Serious Person™ from The City in the audience at the European Policy session who pointed out that if there were a serious crisis "which the current hiccup isn't" (paraphrased: I felt like slapping the guy to wake him up) then the UK should join the Euro. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
But given that we de facto are already in the eurozone (we're mutually pegged so tight to the Bundesbank ECB that the only difference is a trip or two to the local FOREX anyway...) I suspect we could join as soon as we could get the new notes and coins in circulation.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
