The Euro and the UK - The Political Economy

The recent UK election rhetoric, together with the problems in the Euro-zone instigated by the Greek debt crisis, suggest that the possibility of the UK adopting the Euro has been effectively buried, at least for a decade. This study takes a different view and argues that, from the view of political economy, the geo-economic case - which has never been fully argued in the UK - is stronger than ever. The pamphlet argues that the conventional arguments against and for the adoption of the Euro reflect a UK-centric or Euro-centric approach that misses the point that we live in a globalising political economy. The UK is simply not large enough to be other than a part of an economically integrated Euro-zone. The Euro is a global currency, the Pound is not. In a referendum, this is the case to be made to the British people, rather than abstract and misleading technical economic and hackneyed political arguments.