News The research found that people got accustomed to the cold over time

Feeling the cold may be a healthy and sustainable way to lose weight

Outlook: Is EMU orthodoxy too good to be true?

Eddie George has long had his doubts about the economic viability of the single currency, seeing it as a politically-driven project. Yesterday he was more outspoken about them than he has been before - a luxury he can afford as the central bank governor in a country whose political commitment to EMU is tepid to lukewarm.

...but you can still be funny about Allason

A jury yesterday rejected claims for damages by former Tory MP Rupert Allason after he was called names in a Have I Got News For You diary. Paul McCann, Media Correspondent, hails a victory for those with a sense of humour.

Jury rejects Allason's damages claim

A jury yesterday rejected claims for damages by former Tory MP Rupert Allason after he was called names in a Have I Got News For You diary.

In the courts: Allason tells court of `revolting slur'

Author and former Tory MP Rupert Allason yesterday asked a High Court libel jury to award him damages over references to him in a diary based on BBC2's Have I Got News For You programme.

Professor power takes on EMU

Four academics took the fight against the euro to Germany's highest court yesterday. In theory their action could stop monetary union in its tracks, but, as Imre Karacs explains, that is the least likely outcome.

EMU odds continue to shorten

The odds that economic and monetary union (EMU) will go ahead on time were shortened this week as evidence mounted that "in" countries would meet the Maastricht criteria.

Letter: Europe's 2000 bug

Sir: M J Knight (letter, 18 December) writes that "the response of the European Union [to the millennium bug] is to rush into the single currency in 1999".

Courtaulds boss queries EMU viability

Gordon Campbell, chief executive of chemicals company Courtaulds, has added his voice to a small but growing number of UK businessmen casting doubt on the feasibility of European monetary union.

Germany's deficit poses EMU threat

Germany's continuing struggle with its budget deficit, highlighted by figures released earlier this week, could jeopardise EMU, say some of The Independent's experts.

Missing billions blow Germany's EMU target off course

Germany is 40bn deutschmarks short of achieving the goals laid down by the Maastricht Treaty for European Monetary Union. In their half- yearly report, experts estimating the government's tax revenue yesterday uncovered a hole that is DM17.3bn deep this year, and they said another DM22.4bn would go missing next year.

Books: Not waving, but drowning

Whatever Happened to the Tories by Ian Gilmour and Mark Garnett, Fourth Estate, pounds 25 Collapse of Stout Party by Julian Critchley and Morris on Halcrow, Gollancz, pounds 17.99,; Why did the Conservative Party get things so wrong for so long? As the first post-debacle conference ends, John Biffen assesses two inquests by his former parliamentary colleagues

Blair offered chance of helping hand to join Emu

European governments are discussing ways of helping ease Britain's way towards joining monetary union. In particular, sterling may not have to go back into the EU's exchange rate mechanism if Tony Blair were to offer a definite timetable for joining the single currency. Katherine Butler says that the EU just wants a clear signal of Labour's intentions. Encouraged by speculation that the Labour government is committed to Emu and convinced that sterling's entry would dramatically enhance the Euro's international credibility, the view is strengthening in European political circles that everything must be done to facilitate Mr Blair. This would mean fudging the interpretation of the Maastricht treaty's rules to waive ERM participation, symbolically painful since the humiliation of Black Wednesday when sterling was ejected from the grid after a massive speculative attack on the pound.

Signs that Japan's recovery may soon be under way

the Japanese economy

How to have your EMU cake and eat it

City & Business

May deadline boosts EMU prospects

Last weekend's decision by European finance ministers to fix bilateral exchange rates for EMU next May, eight months ahead of the 1999 deadline, has given a further boost to the project. But many on our panel believe the optimism is based more on sentiment than reality.
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