Heading for a collision over the euro

ARTICLE - The article suggests that it would be 'extraordinary' were the UK Treasury to recommend entry to the euro after the signals they have sent out since the last general election.

First published in the Financial Times UK edition by Philip Stephens, 2 December.

We are watching a train crash about to happen. Tony Blair speaks of participation in the euro as the nation's manifest destiny. Gordon Brown exults in the superiority of his made-in-Britain economic strategy. Unless one of them

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