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Lagging Behind:Britain and the Euro

The debate about the euro in Britain has changed dramatically since the
introduction of euro notes and coins on 1 January 2002. This shift should
give pro-Europeans every confidence that a referendum on the single
currency can be won. Consequently, it has already left anti-Europeans appearing
disheartened and disoriented.
This historic changeover to the euro was obviously a profound change
for the 300 million citizens of the twelve European Union countries that adopted
the currency. It was a revolution on Britain’s doorstep that has practical
implications for most British citizens.
Most obviously, Britons make 40 million visits to the euro-zone every
year, either on business or holiday. From 28 February, when the old European
currencies were finally withdrawn from circulation, these visitors will have to
use the euro exclusively.
In addition, tourists from the euro-zone are expected to make 13 million
visits to Britain this year. Those visitors will come here with euros...

Posted by: Sean Wilson

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