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| Author: | Meall, L. |
| Title: | EMU: It's prudent to prepare |
| Journal: | Accountancy
1997 : OCT, Vol. 122:1250, p. 58-59 |
| Index terms: | EUROPEAN MONETARY SYSTEM EUROCURRENCY MARKETS UNITED KINGDOM |
| Language: | eng |
| Abstract: | There's no hiding from European monetary union - even if a company doesn't trade in a European zone, its suppliers, competitors and customers probably will. When the newly-elected Labour government announced its decision to hand control of interest rates over to the Bank of England, some read it as a signal that the UK might very well join EMU as part of the first wave; others saw the independence it bestowed on the Bank as a possible alternative to the single currency. As yet, nothing is ceratain; but while the British government is in a position to hedge its best until beyond the turn of the country, British businesses are not. |
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