Slovakia now has a much stronger currency than the UK
Yesterday Slovakia joined the euro, becoming the 16th member.
It’s also the tenth anniversary of the euro. No big celebrations in the British media, but the Wall Street Journal has an excellent article, calling for a return to the Bretton-Woods system. Well worth a read.
Returning to the UK, a majority of Brits for some strange reason still don’t want to join.
It’s not that I think this moment is right for joining anyway – I think the pound should join at around £1 = €1.50, but that could be achieved fairly easily by setting a target rate.