German politics is paid for by the manufacturing industry. They needed a weaker DM and a stronger Franc/Lira/Peseta to sell stuff. UK politics is paid for by

German politics is paid for by the manufacturing industry. They needed a weaker DM and a stronger Franc/Lira/Peseta to sell stuff. UK politics is paid for by the financial industry - they need more currencies to trade. A stable predictable and universal currency would kill the city. Denmark stayed out because it was forced to have a referendum and sensible people always vote against anything that politicians are all in favour of.