Britain would be mad to join the euro

ARTICLE - Britain's European policies rest on two misapprehensions. Taken together, they lead us into all kinds of danger, yet still we do not abandon them. Perhaps the parlous state of Europe may open even our apologetic eyes and change the way we handle European affairs.

First published in the UK edition of the Financial Times by Martin Taylor on 13 November. The writer is chairman of W.H. Smith. These are his personal views.

The first misapprehension is the idea that other countries

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