The great debate on Europe has divided the government and held centre stage of British politics over the past year. Above all it is the question of a single currency which occupies the minds of politicians and people. Would a single European currency signify the end of Britain as a sovereign state, or is Edward Heath right when he says, 'A single currency is essential for a single market?'
The editorial in 'The Guardian' (4/2/95) claims that the Maastricht treaty has already laid down an 'irreversible' path to economic and monetary union by member states, with a single currency to be in place by January 1
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