Wednesday, January 07, 2009

Can weaker pound push Britain closer to euro?



A strong British economy has in the past attracted many foreigners to settle in the UK with the hope for a better future. However, their expectations may have been dashed as the pound loses its value dramatically, brought about by the Wall Street financial crisis.

A devaluating pound has triggered speculation that Britain may move closer to the euro, but many believe it is unlikely the country will adopt the European single currency in the near future.


For the full story by Dongying Wang, published by Xinhua News Agency in January 2009, please click
here . Please return to the blog to post your comments.

No comments: