The high cost of resisting the euro

ARTICLE - In an article the chief economist of the pro euro lobby group, Britain in Europe, says Britain is paying a rising price for excluding itself from the euro.

First published in the Financial Times by Philippe Legrain, chief economist, Britain in Europe, London, 10 December.

The UK government must soon decide. It has pledged to deliver its verdict within six months. As judgment day nears, a consensus is forming. Not yet, the Treasury will opine. Naysayers marshal a battery of arguments. The

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