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The Euro


THE idea of fixing the euro/pound rate at parity, as suggested by H Martyn Coombs (HAS, June 29), may sound convenient, but is not a good idea.

The present low value of the pound has placed the United Kingdom in the position of being the “poor man of Europe”.

Fixing the rate at this level would only serve to make the position permanent. This would lead to inflation and demands for wage rises to bring UK wages in line with those in the rest of Europe.

If and when we adopt the euro, it has to be done at a fair rate for everyone. One to one is not the answer.

Mel Holmes, Bishop Auckland.

Comments(2)

Edmondsley says...
11:36am Tue 7 Jul 09

Looks as though no comments are allowed on the letter about "MPs" record. Is that because he used the dreaded initials "BNP" at some point during the letter?

Colin Wood says...
9:12am Wed 8 Jul 09

I look forward to the day when the British National Party can help the victims of the world slave trade, why should children work 10 hours a day making our clothes, why should poor Africans work as slaves for rich Mugabe type Africans, why should Thai girls have to live with sexual perverts and sell their bodies in Darlington, why should our 12 year old children be sold to muslims in their 40's and 50's by young crack and smack dealers?
Liberals who think the slave trade stopped hundreds of years ago are very much mistaken in the old days it was about competition you had to be the top person in your village and you earned enough to feed your tribe for a full year.
Lib, Lab, Cons slave trade is 10 times worse because it is about ignoring the plight of the worlds most vulnerable.
The sailors in Nelsons Navy used to get the cat 0 nine tails for misbehaviour perhaps we could really celebrate a Great British achievement if it was brought back for some of the 'racist' scum mentioned above.


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