Abstract
The introduction of the single currency in Europe raises issues that are of vital importance to this country's interests. Irrespective of the participation of the United Kingdom in the single currency, it will affect us. There is a rather large debate going on in the United Kingdom to know whether or not the country should opt to join the single European currency, just as many other European countries have. There are two sides to this argument, both being very strong and convincing. Tony Blair's government is strong on its rhetorical commitment to Europe. "Labor has no hesitation in viewing the development of European co-operation and integration as having major political benefits," the Prime Minister said in November 2001.
