Monitor: All the News of the World - The German press reflects on Britain's failure to adopt the euro
Thursday 07 January 1999
They see the euro as "still-born", and the German Finance Minister as "the most dangerous man in Europe". Yet their pound is now losing ground against the euro, their companies lack a solid basis for calculations, their stocks are shaky. Big capital, like a tree full of ravens, is fleeing the island: Billions are being moved from London, in the direction of euroland. It was a high and proud horse upon which you Britons have climbed. But now you should quietly dismount.
THE MAJORITY of Britons experienced the launch of the euro as a chapter in Alice in Wonderland: full of absurdities and contradictions.
To the crunch question of whether they can remain a great business nation without curtailing national self-determination, there is still no conclusive answer.
Trade and sovereignty: the euro is leading proud Britain into the torture chamber of an issue which one could always avoid in the past, but cannot do for much longer.
WHAT BRITAIN needs now is political leadership; business will soon be calling for it, since it wants a target date so that it can plan ahead.
In Blair's defence, it has to be pointed out that powerful EU partners have not made it easier to campaign for the euro and Europe. Lafontaine's statements caused a lot of broken china. Polls show that Blair has a hard task ahead.
Frankfurter Allgemeine Zeitung
HESITANT BRITAIN is reckoning on lots of action ahead. The pound has been moving closer to the dollar than European currencies have been.
Caught between the two gigantic blocks of the euro and the dollar, Britain's economy - which reacts sensitively to exchange rates - could soon lead to a hasty and spontaneous entry of the United Kingdom into the European monetary union.
Grace Dent on TV The Secret Life of the Pub is sexist, ageist and a breath of fresh air
Art Megumi Igarashi criticises Japan's 'backwards' attitude to women's sexual expression
tv Singer could become the most unlikely star of Westeros
Arts & Ents blogs
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 3 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 Ian Brady: Moors murderer announces his support for Ukip and the SNP
Poldark finale episode 8, review: How a costume drama became a Sunday night swoon-fest
Al Pacino admits he was nearly fired from The Godfather and it's still his most 'difficult role'
Warner Music owner Len Blavatnik tops Sunday Times Rich List
The day I starred in Only Fools and Horses
Peter Kay’s Car Share, TV review: The perfect vehicle for Kay’s comic talents
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove