A hard test for Britain's euro advocates

ARTICLE - The euro is not just about our economy but our destiny. We should only join the euro if the economic tests are met. That is clear. But if the tests are passed, we go for it." Thus did Tony Blair state his goal and the constraint upon it in his speech to the Labour party conference two weeks ago.

First published in the Financial Times, 14 October.

Before it puts the decision to a referendum, the government must be satisfied that there is a "clear and unambiguous" economic case for entry

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