Chancellor cautious on early UK euro entry

UK - Gordon Brown, UK Chancellor of the Exchequer, gave a cautious welcome to UK entry to the euro at his mansion house speech on 20 June.

Gordon Brown concentrated on the changing global economy in his speech. He remarked on the damage short termism can do and how Britain needed a "wholly new monetary and fiscal framework that went beyond the crude Keynesian fine tuning of the fifties and sixties and the crude monetarism of the seventies and eighties and, instead, offered a modern British rou