Tuesday, 3 June 2008
Britain and the Euro
The maverick economist William Buiter has started a debate on whether Britain should join the euro, which has been picked up by Felix Salmon over on his blog. I predicted a few weeks ago in my Bloomberg column that the debate on the euro was about to re-start, so I'm pleased to see it happening. It's easy to dismiss the euro when 1) your currency is strong and 2) your economy is doing well. When those go into reverse, as they about to, then suddenly the euro will look a lot more attractive. I'm not convinced it is going to happen - not yet anyway - but the conversation is getting going again.