So a top Eurocrat, president of the EU commission, Jose Manuel Barroso, reveals in an interview with a French radio station that “the people that matter” in the UK – which is to say, top politicians and capitalists – are set on entering the Eurozone.
Yes, that’s right – more European integration, this time the single currency. Business minister Lord (of Darkness) Mandelson has said he is very keen, which could indicate the line of travel.
The pound was down 5.2 cents to $1.486, its largest one day fall in percentage terms since sterling crashed out of the Exchange Rate Mechanism (ERM) in 1992.
In the past, the Brown administration has slammed those who would “talk down the pound”… Isn’t this what Barroso has been doing?
The PM’s spokesman, Michael Ellam has refuted the claims:
“We have no plans to change our position on the euro,” the spokesman told reporters. “There is no change in our position, there is no intention to change our position.”
Barroso told France’s RTL radio that British leaders had told him in conversation they would be better off now — given the financial market turmoil — if they had adopted the much more widely used euro as their currency.
“I don’t mean to say that it will be tomorrow and I know that the majority in Britain remain opposed to this idea, but it is evolving and the people who count in the United Kingdom are in the process of thinking about it,” Barroso said.
But Brown’s spokesman said: “I think the person who counts the most is the prime minister and his position is quite clear that we have no plans to join the euro.”