Euro ‘will not bring exchange rate stability’ / Doubts cast on euro benefits

More of Britain's exports to Germany are priced in US dollars than in D-Marks or euros, according to official data released BY THE Office for National Statistics issued on the 23 february 2001.The report cast doubt on claims that joining the euro will deliver greater exchange rate stability to British exporters. Opponents of Britain's entry into the euro have argued that if companies are already doing a large proportion of their business in dollars, adopting the euro would leave them exposed to fluctuations.

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