Letter: No avoiding the euro

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The Independent Online
Sir: Why are we allowing MPs to run the euro debate? What they mean by sovereignty is that having removed layer upon layer of local government, with which many of us felt reasonably comfortable, they are now realising that it is their turn. Will they, as a final act of defiance, try to damage the introduction of the euro?

That business in Europe and a great deal of world trade will be conducted in the euro is inevitable. That the majority of British-based businesses will turn to it is certain. That employees will put their savings and pensions into the euro instead of a declining pound will be prudent. That more and more business will be conducted electronically in one of the three major trading currencies is unstoppable.

The sensible approach is to acknowledge the inevitable and get ourselves into the driving seat.

ROBERT PRENDERGAST

Beckenham, Kent

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