Magazine article The Spectator

There's a Future in Europe for Hong Kong West, Says Crystal, Who's Ed's Smarter Sister

Magazine article The Spectator

There's a Future in Europe for Hong Kong West, Says Crystal, Who's Ed's Smarter Sister

Article excerpt

I am pleased to announce a timely addition to my staff. I had been anxious to appoint a New Millennial Correspondent, and now Ed Balls, the recently appointed chief economic adviser to the Treasury, has been good enough to introduce me to his smarter sister, Crystal. Her first dispatch reaches me from fairly early in the forthcoming century:

The disastrous Helsinki summit of 1999 pointed the way to the future of Britain in Europe and, most of all, the City's future (Crystal Balls writes). Nothing could have seemed less likely at the time. The meeting had broken up in acrimony and disorder, with the usual suspect painted into the familiar corner. British beef stuck in French throats, and London's markets - everything from fine art through the art of the takeover to the international markets in money and capital - stuck in the throats of Europe's leaders and the European Commission. At the same time, their pet project, the euro. …

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