On January 1999 the Euro goes live on the Co ntinent. Should Britain have been there? And should we go in at all? What will be the effect on jobs? On taxes? In this book, the case for and against the Euro is persuasively argu ed '

From the Author

The economics of the Euro from both sides
Chris Huhne and I both feel that the British debate on the Euro has been marred by a failure to get straight what the economic issues are. We think the politics of the issue are important but we also think that the economic effects are the first ones that should be considered.

Yet so many people feel there is no way for them to make an assessment of the issue because the debate in the media is so often more about political positioning than the economics of European monetary union.

On the other hand, most professional economists have a pretty clear opinion one way or the other, so it is difficult to be confident of getting a truly balanced picture from one author.

This is why Chris and I teamed up to write Both Sides of the Coin. We have both written strictly for a non-economist audience of people who want to understand the issue and form their own judgement about it.

I have known Chris for over 10 years. In that time, he has been economics editor of the Guardian, and business and city Editor of the Independent, and is now group managing director for Fitch IBCA, an international debt-rating agency; and I have been Lecturer in the Economics of European Integration at Oxford, and am now Fellow of Balliol College.

Since we met, we have been on the same side in many political debates. But on this one we differ. He has written the case in favour of the Euro and - much as I disagree with him - I really think this is as clear and persuasive as that case can be. I have written the case against, not based on 'sovereignty' and whatnot, but on my reasons for thinking that the project will be economically harmful for the whole of Europe, and that if it is, the great political project of the last 40 years will also be damaged, perhaps beyond repair.

In the end, this issue is going to be decided by the British people, and we both hope it will be an informed decision.

James Forder, Balliol College, Oxford

"About this title" may belong to another edition of this title.

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