No easy euro-entry for the UK says EC official

Klaus Regling, director general for economic and financial affairs at the European Commission, said there would be no concessions for the UK to join the euro.

Speaking before a sparsely populated Treasury select committee, the man charged with trying to make the stability and growth pact seem credible said a budget deficit of more than 3%, a violation of the pact, would prevent the UK from joining the euro. Pressed by the six die-hard members of the committee about UK entry Regling said that a

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: