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Without a single currency Europe's single market could fall apart, warns Leon Brittan. Emu, he says, is vital-the UK, of course, should continue to watch and wait

By Leon Brittan   December 1995

Just as hemlines go up and down, so do views on the merits of closer European ties. While it is tempting to focus on reports that suggest that the warmth of feeling towards Economic and Monetary Union (Emu) in Europe as a whole has dropped a few degrees over the past year, this is misleading. If anything Emu is more likely than ever.

The strength of feeling among Europe’s leaders has certainly not diminished. Chancellor Kohl of Germany and President Chirac of France remain committed to the goal of Emu and seem determined to take the unpopular decisions needed to…

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