When the Treasury decided in the summer of 2003 that its five tests for entry into the euro had not been met, the subject was kicked deep into the political long grass and has remained there ever since.That may change. The fact that Britain proceeded to grow faster and had lower unemployment than the big economies of euroland meant those who supported UK membership of the euro - including Tony Blair, now one of those tipped to be the European Union's first president - remained silent.But with Germany and France poised to record strong growth in the third quarter and Italy looking well placed to return to growth, the question of whether Britain should join is being raised once again.
When the Treasury decided in the summer of 2003 that its five tests for entry into the euro had not been met, the subject was kicked deep into the political long grass and has remained there ever since.
That may change. The fact that Britain proceeded to grow faster and had lower unemployment than the big economies of euroland meant those who supported UK membership of the euro - including Tony Blair, now one of those tipped to be the European Union's first president - remained silent.
But with Germany and France poised to record strong growth in the third quarter and Italy looking well placed to return to growth, the question of whether Britain should join is being raised once again.
