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.
Is the comedy album making a comeback?comedy
Arts & Ents blogs
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 The secret report that helps Israel hide facts
- 3 Is Ebola coming to Britain? UK health officials issue warning to doctors as outbreak fears grow
- 4 Richard Dawkins says 'date rape is bad, stranger rape is worse' on Twitter
- 5 Danish TV reporter is all business up top, all party down below
'Phallic symbols' found hidden in famous Pre-Raphaelite painting 'Isabella' by John Everett Millais
Top Gear Burma episode breached Ofcom rules over Jeremy Clarkson's racial slur
Freddie Prinze Jr on 24: 'Kiefer Sutherland was the most unprofessional dude in the world – I hated every moment of it'
The Hobbit: The Battle of the Five Armies trailer unveiled at Comic-Con
How did our legends really begin?
The secret report that helps Israel hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
- < Previous
- Next >