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| Monday, 24 December, 2001, 10:47 GMT Euro view: Lord Heseltine ![]() By Lord Heseltine, former deputy prime minister Joining the euro is the next logical step in the single market. It will give a great boost to our competitiveness in Europe and simplify transaction costs or avoid them. In contrast, staying out deters inward investment, affects the City of London and leaves us out of the mainstream of European politics. I would like to see a referendum as soon as it is practical to see that we can move forward.
To win the referendum, we would have to persuade people that the world is shrinking, that sovereignty means a very different thing in the 21st century than it did in the 19th, that Britain's influence is more likely to be extended, that our friendship with America will be stronger and that the economic benefits are positive. We have got to get off this business that we joined a free trade area. We didn't. We joined a much more enlightened and visionary concept of a united Europe. The euro is part of the building blocks of that vision. We share environment policy, trade policy, defence policy and the single currency is now in the rest of Europe. This government has got to get onto the front foot and make the case for entry. Its failure to do so is demoralising and it sends an unclear signal. | Internet links: The BBC is not responsible for the content of external internet sites Top UK Politics stories now: Links to more UK Politics stories are at the foot of the page. | |||||||||||||||||||
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