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the UK never joined the euro the europhiles in the UK attempted the first steps of joining (ERM1), which pegged the pound with the deutschmark it was forced o
by blibble 4y ago
the UK never joined the euro
the europhiles in the UK attempted the first steps of joining (ERM1), which pegged the pound with the deutschmark
it was forced out when George Soros and friends attacked the peg on Black Wednesday
immediately prior to this the ERM was known an the Eternal Recession Mechanism (which is now exactly what the euro is)
- b112 4y agoInteresting info, and thanks, but I still contend that a large economic zone shrunk by 20%, and that this has an impact.