UK tests for joining the euro

An article suggests the UK governments assessment of whether the economic tests for membership of the euro have been passed will be important, even though it is widely expected that the tests will not have been passed. The announcement will determine, the article says, whether the government's "no" is closer to a "yes, but not yet" or to a "never".

First published in the UK edition of the Financial Times 22 April 2003.

Before the first week in June, and probably rather sooner, the government will

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