If it means I can afford to go on holiday again then lets hope it collapses.
No, it won't. If sterling collapses then the Euro will do the same. The other way around I am not so sure.
If Gordon Brown has done something right - it's having his economic test for joining the euro.
A lot of people think we would be a in a much worse state had we been part of the Euro now.
-> the fiscal stimulus was more regarded by g20, led by china, america etc. than europe.
-> the european bank's main priority is with re: to inflation. Thankfully the MPC aren't so shortsighted.
-> some think tanks reckon our unemployment would be nearing 15% in the recession if we were in the eu.
Y
-> the stability and growth pact has about as much authority as a wet towel.