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1/4/09

Timesonline: Peter Mandelson opens a euro trap for Gordon Brown - Michael Portillo

For the complete report from the Times Online click on this link

Peter Mandelson opens a euro trap for Gordon Brown - Michael Portillo

When political mischief is afoot, it is likely that Lord Mandelson will be involved. As the pound sinks towards parity with the euro, a whispering campaign is under way suggesting that Britain would do well to abandon weak sterling and enter the robust currency across the Channel. Jose Manuel Barroso, president of the European commission, has commented that “people who matter in Britain are thinking about it” and musing that “if we had the euro we would have been better off”. Given that Gordon Brown is unlikely to have said that, and that Peter Mandelson is a former commissioner who has stated that “our aim, our goal, should be to join the single currency”, I know where my finger points.

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