Letter: Pay Eurotaxes or lose jobs

Howard Cheney
Thursday 23 January 1997 00:02 GMT
Comments

Sir: No one could accuse the Adam Smith Institute of a devotion to logic. Their letter (18 January) condemns a common European currency on the grounds that some countries have the need to devalue from time to time, in order to compete and export their unemployment.

In the absence of this option, they will need assistance from other member states, funds derived from taxation. In practice, all this means is that the more competitive areas of the Union have the option of paying a tax or losing their jobs.

HOWARD CHENEY

Shipston on Stour, Warwickshire

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in