LETTER: Sovereign remedy

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The Independent Online
From Mr Peter Tutt

Sir: Surely the simple answer to the problem of what to call a future European currency unit, while keeping European citizenry happy, is that there should be no name - each bank note or coin would be printed with just the denomination - but each member nation would call it what it wants. I would plump for sovereign for the UK.

Thus 10 UK sovereigns would have exactly the same value as 10 French ecus and 10 German marks; the notes, simply bearing the number 10, would be identical and interchangeable throughout the EU.

Yours faithfully,

PETER TUTT

Bocking, Essex

21 April

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