European monetary union: the benefits, the problems and the traveller's tale : LETTER

From: The Independent - London | Date: February 16, 1995| Author: Tony Dolphin | Copyright information

Sir: After all the fuss in the last few weeks about the political aspects of Britain joining a European monetary union (EMU), your editorial discussing some of the economic issues was most welcome ("Why we say Yes to a single currency", 11 February). Unfortunately, you exaggerate the likely economic benefits from monetary union and underestimate the potential problems. The arguments you put forward in favour of EMU are that it would reduce the risk of higher inflation, reduce uncertainties f...

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