ABSTRACT

The problem that Europe in general and the euro in particular poses for Prime Minister Tony Blair and his Chancellor Gordon Brown can be simply stated: both men are genuine europhiles, eager to carry forward the whole process of European integration in foreign and defence as well as in domestic policies, keen to bury the pound sterling in the single currency as they see Britain’s future as above all centred in the European Union (EU) and quite undeterred by the accelerating progress being made towards transforming the European Union into a fledged United States of Europe.