No euro please, We’re British!
Comparing the economic performances between UK and Euroland, the appropriate and obvious question should be: why does not Euroland replace its euro with the British pound? However, economy does not represent all the interests of the human beings. They believe in values beyond the economy. Right! It may well be that Euroland citizens, once with the euro, feel much more confiance in themselves, as part of a larger world, as they trust the monetary and political decision makers of the EU Institutions. If that was the truth, the European integration process should proceed just like a ball thrown against standing skittle-pins waiting to be got down! Unfortunately, that is not the case. The authors try to point out some reasons to understand those British people who love to look at the euro experience, sitting in their armchairs and, above all, without loosing their national pound.
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- Paul Degrauwe & Hans Dewachter & Yunus Aksoy, 1998.
"The European Central Bank: Decision Rules and Macroeconomic Performance,"
Working Papers Department of Economics
ces9834, KU Leuven, Faculty of Economics and Business, Department of Economics.
- Aksoy, Yunus & De Grauwe, Paul & Dewachter, Hans, 1999. "The European Central Bank: Decision Rules and Macroeconomic Performance," CEPR Discussion Papers 2067, C.E.P.R. Discussion Papers.
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