British Defend Will Use the Euro Currency
Uncategorized July 19th, 2010
LONDON – The British government denied the existence of a plan to adopt the euro currency. The assertion that a statement responding to European Commission President Jose Manuel Barroso before.
“Our position has not changed. We do not plan to change our position,” said a spokesman for British Prime Minister Gordon Brown, quoted by AFP on Wednesday (3/12/2008).
According to him, the decision whether to join the euro will be based on the interests of the British economy.
“We are seeing the benefits of euro membership, but the five economic tests criteria must be met,” he said, referring to the convergence of economic tests and a number of other things designed to Brown when he was finance minister under Tony Blair’s government.
Just so you know, before the euro was launched, the British government set five economic tests criteria as a condition of issuing a recommendation to join the euro.
Sterling exchange rate continued to sink since the credit and liquidity crisis broke out in the UK. The government also has allocated billions of pounds to prop up the banking system.
Barroso on Sunday, November 30 said that London was thinking about replacing pounds, as a consequence of the world financial turmoil that makes the currency continued to decline.
“We are now closer than ever. I will not reveal the secret talks, but some British politicians have told me: ‘If we use the euro, our condition will be better,’,” said Barroso told RTL radio, LCI France
