In response to a student concerning a practice Euro question:
"A key issue with any question regarding the UK and the Euro is not necessarily the pros and cons contained within the question but the deeper question of what impact it would have on the value of the pound. In the case of joining if the pound was to join would it have to fall in value to do so to obtain parity? Would this fall wipe out the cost gains associated with the removal of transaction costs. If the question is about the UK’s attitude towards a weaker Euro then the concern would be that UK exports are becoming more uncompetitive unless we can cut costs, improve our quality or fin new customers in the BRIC countries."
For the pre exam talk I will be in Room 1 from 8.20am with a talk begining at 8.30am.
Mr Gray
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