Will Hutton in The Observer raised the (taboo) question over the weekend of Britain’s adoption of the euro. The debate seems to have dropped right off the political radar, but Hutton thinks now is the time to refocus on the issue:
It might be politically toxic – but we must join the euro now.
He argues that there are only three fully convertible currencies in the world right now – the dollar, euro and yen – and that joining the Euro now is right thing to do.
The best time to begin negotiations is now, rather than in the middle of an economic rout.