Is the UK to be an EMU or an ostrich?
Article Abstract:
It is in the best interest of the UK to become deeply involved in preparations for the European monetary union (Emu). It cannot hope to influence such issues as enlargement, competitiveness and the single market if it refuses to participate in the single currency project even before its implementation. The country could accomplish more from within the union than as a spectator. In addition, non-participation could mean marginalization in the expected growth of the biggest trading and economic region in the world. Another strong argument for Emu participation is the potential that a strong single currency offers in strengthening Europe's macroeconomic environment. Whether or not the UK adopts the euro, companies doing business in the country are still compelled to prepare for European monetary integrated since it is expected to affect all aspects of business.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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Will EMU finally lay the golden egg?
Article Abstract:
The unexpected strengthening of the British currency seems to indicate that politics has a positive impact on the sterling and UK markets. There is increasing evidence that the UK may return to the European Exchange Rate Mechanism (ERM) after withdrawing from it in Sep. 1992. One of the factors that is raising the likelihood of a return is the prospect of the election of a Labor government since the Labor Party openly supports European Monetary Union. Another factor increasing the pressure for the UK to rejoin is the entry of Italy, Sweden and Finland into the ERM, leaving Britain and Greece as the only European Union members to remain outside the Mechanism. Talks of the sterling's re-entry into the ERM raises two important questions: at what level should the British currency return and when is the right time for such a return.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1996
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The euro won't go away
Article Abstract:
The single European currency has not greatly impacted UK financial markets or inward investment since its introduction in January 1999, although UK businesses will have to adjust to the euro as a permanent fixture. The European Union is the UK's primary trading partner, and the euro is likely to strengthen.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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