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| 1954: The Million Pound Note - Neame |
I'm at a loss for words (well nearly)... it is being reported (in Die Welt) that the German Finance Minister Wolfgang Schauble believes that Sterling will be dumped in favour of the Euro, much more quickly than we in Britain believe. I would have thought that the current fiasco in Europe is serving as a reminder that sharing a currency means sharing (for which read - have the same) economic and social policy, which does not work with different approaches to these rather important issues, many of which are culturally ingrained. Perhaps Mr Schauble is simply bluffing and hopeful that Germany will not be left alone in bailing out its Eurozone partners, but I cannot see many here agreeing that the Euro would make really good sense for Britain. I imagine that this may be something that David Cameron discusses with Angela Merkel today.
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