The UK and Euroland – Ships passing in the night by IoD Economic Policy Paper
Price Includes Postage & Packing UK Only
2000 – Pamphlet – 36 Printed Pages
This paper explains why economic forces may yet stand in the way of UK participation in the euro. It shows that sustainable, as opposed to transient convergence, is a long way off.
The IoD argues that economies can at any point in time display similar rates of output growth, inflation or interest rates, but this tells us nothing about the future speed or direction, hence like ships passing in the night.