UK 'closer' to adopting the euro - Instablogs
UK 'closer' to adopting the euro
Rahul Bhandari , Shimla: Dec 1 2008
Made Popular Dec 1 2008
United Kingdom :
The UK is “closer than ever before” to joining the euro, according to the president of the European Commission, Jose Manuel Barroso. Speaking on a French radio show, he said British politicians were considering the move because of the...
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Tags: UK, Eurozone, European Commission, Jose Manuel Barroso
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Denis
1 Stars
Denis Dec 1 2008
Geneve, Switzerland
This should read the UK wishes they coueld join the euro.

I doubt that they’d qualify. The UK is essentially bankrupt and the national debt his way too high, as a percentage of GDP. To be part of the euro currency scheme, Europe has very strict and releatively low allowable percentages of debt.
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