Thursday, May 15, 2003
THE POUND REMAINS STERLING
The Beeb is reporting that whatever mysterious economic analysis the chancellor was doing regarding the UK's adopting the euro and ditching the pound has come up negative and that PM Blair has decided to quietly postpone a decision to join the eurozone. If this was your only source of news on the subject, you'd have no clue what the substance of the analysis leading to this decision was, other than a murky reference to "substantial difference in housing markets," whatever the heck that means. Instead of any kind of substantive explanation, the Beeb only makes veiled commentary on the personal political implications of the decision for Blair (how typical). Hopefully, I'll be able to find some more substantive discussion of this development soon. Also of note is the fact that many mainstream U.S. news sources this morning (for instance CNN and MSNBC) have no discussion of this news item at all, despite the fact that this is a very important development in the English-speaking world.
GB, THHotA
posted by Greg 6:37 AM
