http://www.breitbart.com/article.php?id=081130204959.yq2a770m&show_article=1 Britain is considering joining the eurozone as a direct consequence of global financial turmoil, European Commission President Jose Manuel Barroso said Sunday.
"We are now closer than ever before. I'm not going to break the confidentiality of certain conversations, but some British politicians have already told me: 'If we had the euro, we would have been better off'," Barroso told a weekly French news programme, referring to the fall in the pound's value since markets and liquidity meltdown earlier this year.
UK should trade pound for euro, Hong Kong leader says
SIFMA Global SmartBrief | 11/28/2008
Donald Tsang, a leader in Hong Kong and an elder statesman of finance in Asia, said Britain's attempts to hold onto the pound are futile because the world's economy is dominated by the most powerful currency blocs. "I do not believe in the sustainability of a small floating currency. Look at the pound -- it's being attacked," he said. "The euro is a good move ... Other options are less palatable if you really want to become a big, strong economic union." Telegraph (London) (11/27)