Can Britain viably opt‐out of EMU?

If a limited number of EU countries decide to proceed with the stipulated timetable for EMU in 1999, Britain will soon face the crucial decision of whether or not to participate. States the reasons for believing that participation will damage both Britain’s economy and its capacity for self‐government. States that many accept such arguments but claim that exclusion would prove most costly. Proceeds to demonstrate that these fears are based on myths rather than objective facts. Claims Britain’s economic performance will be enhanced, rather than damaged, by opting out of EMU.