Why Britain should not join the euro

Richard Layard's case for British membership of the euro1 is based on one simple - and simplistic - proposition; that Britain needs to be part of a large market in order to raise its productivity, that this market needs to be E u rope because it is geographically close by and that the gains of membership of this market can only be maximised by membership of the European single currency. His argument can be summed up as "one market, one money".

Deep flaws

There are deep flaws - and not a few unsu

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