How the euro gives Britain a free ride

Some explanation is necessary to put this rather startling finding in context. When the single European currency was launched, an expected boost to trade was one of the, if not the main benefit promised. In one of the most detailed studies of the trade effects to date, Richard Baldwin, a professor of international economics at the Graduate Institute of International Studies in Geneva, now finds that while there is evidence of a boost to trade as a result of the creation of the euro, the

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Turkey gets a second chance

After a near crisis in 2006, the central bank and its new governor are stocking to an inflation target of 4% for end-2007. Could this be the year Turkey finally convinces the world it has achieved sustainable non-inflationary growth? Justin Keay reports

Unhappy euro hopefuls

Prospects for adopting the euro remain remote for many EU countries in Central and Eastern Europe, and in the Baltics, writes George Kopits

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