Bringing the UK to Europe’s Core

Euro-zone countries should acknowledge British arguments in favor of the UK maintaining its own currency, given London’s importance as an international financial center as well as its privileged relations with more than 50 Commonwealth countries. The should offer the UK full EMU membership, while allowing it to keep the pound in its relations with third countries.

BRUSSELS – The European Union’s core countries these days, besides the original six founders, are the 15 member states that make up the European Monetary Union. They have converging economies and coordinated monetary and fiscal policies. The big outsider is the United Kingdom.

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