Would this be a good time to peg the Pound to the Euro? I have not noticed too many people discussing the merits of consolidating with the rest of the European Union and joining the Euro Zone. Surely Europe, and the UK by association, would be stronger with one unified currency.
I can't imagine a better, easier, time to do this, as the UK could include pegging the pound to the Euro as part of a European EMERGENCY package, avoiding the messy business of having a referendum. It has to happen sometime, so why not now when it can only benefit the economy! Well it can't make it worse - can it?
The Euro and the Pound are just about converged now so why not peg it before the pound falls BELOW the Euro?
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