Britain misses its euro connection

An FT article says that it shouldn't be forgotten that the decision over whether Britain joins the euro is a political rather than an economic one. Both Gordon Brown and Tony Blair, the authors argue, are guilty of dressing the decision as an economic one.

First published in the Financial Times, 22 May, by Olivier Blanchard and Francesco Giavazzi. Olivier Blanchard chairs the department of economics at the Massachusetts Institute of Technology. Francesco Giavazzi is professor of economics at

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