{"id":660,"date":"2008-06-10T22:05:00","date_gmt":"2008-06-10T21:05:00","guid":{"rendered":"http:\/\/blog.widmann.org.uk\/?p=660"},"modified":"2008-06-10T22:05:00","modified_gmt":"2008-06-10T21:05:00","slug":"joining-the-euro","status":"publish","type":"post","link":"https:\/\/widmanniana.org\/blog\/joining-the-euro\/","title":{"rendered":"Joining the euro"},"content":{"rendered":"<div style=\"float: right; margin-left: 10px; margin-bottom: 10px;\"> <a href=\"http:\/\/www.flickr.com\/photos\/mesq\/409860635\/\" title=\"photo sharing\"><img decoding=\"async\" src=\"http:\/\/farm1.static.flickr.com\/164\/409860635_e09113d5d8_m.jpg\" alt=\"\" style=\"border: solid 2px #000000;\" \/><\/a> <br \/> <span style=\"font-size: 0.9em; margin-top: 0px;\">  <a href=\"http:\/\/www.flickr.com\/photos\/mesq\/409860635\/\">Euro coins<\/a>  <br \/>  Originally uploaded by <a href=\"http:\/\/www.flickr.com\/people\/mesq\/\">Mesq<\/a> <\/span><\/div>\n<p>Even in The Telegraph blogs people are now <a href=\"http:\/\/blogs.telegraph.co.uk\/politics\/threelinewhip\/june2008\/why-not-join-the-euro.htm\">seeing the light<\/a>. \ud83d\ude42<\/p>\n<p>Fraser Nelson <a href=\"http:\/\/www.spectator.co.uk\/coffeehouse\/764546\/should-britain-join-the-euro.thtml\">criticises it<\/a> but a commenter, Oliver Kamm, replies to the rhetorical question about what we would gain:<\/p>\n<blockquote><p>Increased trade flows, owing to removal of exchange-rate risk in our most important markets; greater foreign investment, for the same reason (in reverse); reduction of vulnerability to economic shocks due to exchange-rate fluctuations (particularly important when the exchange rate is driven by asset-market shocks); the potential for the City to gain still greater importance as a financial centre owing to integration of financial markets; and reduction in influence of some of the nastiest and most xenophobic elements in British public life.<\/p><\/blockquote>\n<p>Perhaps more people will start considering it after the summer holidays when they realise how much the pound has dropped in value?<br clear=\"all\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro coins Originally uploaded by Mesq Even in The Telegraph blogs people are now seeing the light. \ud83d\ude42 Fraser Nelson criticises it but a commenter, Oliver Kamm, replies to the rhetorical question about what we would gain: Increased trade flows, owing to removal of exchange-rate risk in our most important markets; greater foreign investment, for the same reason (in reverse); reduction of vulnerability to economic shocks due to exchange-rate fluctuations (particularly important when the exchange rate is driven by asset-market shocks); the potential for the City to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99,159],"tags":[],"class_list":["post-660","post","type-post","status-publish","format-standard","hentry","category-economics","category-en"],"_links":{"self":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/comments?post=660"}],"version-history":[{"count":0,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/660\/revisions"}],"wp:attachment":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/media?parent=660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/categories?post=660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/tags?post=660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}