WHO wants the euro?
There are so many conflicting reports about this vexatious subject, that I hesitate to express an opinion other than my own, which is that I am violently opposed to the single currency for 1,000 reasons, which I could put in writing if necessary.
These would include the fact that, once we were fully in Europe, we would no longer control our domestic rate of interest, which the government can at present adjust to maintain economic equilibrium when necessary. And Eddie George does a perfect job here.
Brussels will want to collect taxes right throughout the eurozone, and we could be ordered to raise taxes by Brussels if our economy appears to be booming, as may soon happen in Ireland.
Our mortgage rates will be set in Europe.
Economic recessions in Germany, France or Italy will alter interest rates in Britain, even if British business is working competitively and living within its means. …