The worst case scenario for Britain not joining the euro would manifest itself if countries like India and China increase their foreign currency reserves in the euro, an economist and peer of the House of the Lords has warned.
Euro membership has returned to British agenda. It comes on the 10th anniversary of the launch of the European single currency, which has been adopted by 16 of the 27 European Union member states.
However, the chances for Britain to join the euro may be dashed, since the eurozone may not want a sinking economy to enter their fold. Investment guru Jim Rogers has this week warned against investing in Britain and said that the pound is "finished".
For the full story, by Dongying Wang, published by Xinhua News Agency in January 2009, please click here. Also please return to the blog to post your comment.
Euro membership has returned to British agenda. It comes on the 10th anniversary of the launch of the European single currency, which has been adopted by 16 of the 27 European Union member states.
However, the chances for Britain to join the euro may be dashed, since the eurozone may not want a sinking economy to enter their fold. Investment guru Jim Rogers has this week warned against investing in Britain and said that the pound is "finished".
For the full story, by Dongying Wang, published by Xinhua News Agency in January 2009, please click here. Also please return to the blog to post your comment.
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