Why we should be glad that Britain never joined the euro
Filed under: Financial Crisis
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If the UK had joined the euro, unemployment today could be 15% and the recession of the last 1 1/2 years would have been much worse. Whatever his other failings, Gordon Brown deserves credit for keeping us out, says the Centre for Economics and Business Research.
Given the widespread debt problems in southern Europe - the controversially named PIGS economies - Portugal, Italy, Greece and Spain - the eurozone could break up before 2015, the think tank believes.
