1. Why not UK join the Euroland?
Why not UK join the Euroland? Economic convergence between UK and EUROLAND is extremely unlikely to be achieved before the next election. ... So on these measures, how are the UK and Euroland converging? ... Using the Euroland HICP measure of inflation, the UK has an inflation rate of 1.2% compared to Euroland's 1.9%. ... However, most economists would I think accept that if, over (say) a three year period, the average divergence between UK and Euroland on inflation and the output gap was less than 0.5% in each case, or (potentially slightly easier to achieve) 0.5% on average be...
- Word Count: 593
- Approx Pages: 2
- Grade Level: High School