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The single issue

The coming dispute over the relationship between Euro "ins" and "outs" could begin the unravelling of the EU. Derek Coombs says that Britain has considerable clout on this issue but should not abuse it

The single most important issue facing the European Union, and one which will cast a shadow stretching into the next century, concerns the relationship between the “ins” and “outs” of the Euro single currency.

In an ideal world all the large European economies would join the single currency at the same time, thereby completing the logic of the single market. But this is unlikely to happen. The deal that is struck between the ins and the outs therefore becomes crucial-and has the potential to cause irretrievable damage to the European cause.

The in-out relationship can be a technical subject, but…

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