The Institute of Directors would have us believe that British interest rates will fall below euro rates if we stay out of EMU ("Pound 'better out of euro'", Business, 9 March). Who are they kidding? The markets will pay more attention to performance than wishful thinking. German interest rates are still almost 3 per cent below ours.
Peter Sainley Berry
Cowbridge, South Glamorgan
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments