15 August 2001, 09:43 UK to begin assessment of euro-entry criteria - report
LONDON (AFX) - Chancellor Gordon Brown has ordered the Treasury to
begin assessing his five economic tests for adopting the euro, a move
that will prompt speculation of an impending referendum on the
controversial issue, the Daily Telegraph reported without naming its
sources.
However, the paper said that officials involved in the assessment
believed that, far from gearing up for a referendum on the single
currency, Brown was aiming to put the issue on hold.
One unnamed official told the Telegraph that the depth of the
research being done means that "almost any answer may be found in the
results".
Brown has said the tests must yield "a clear and unambiguous case"
for joining the euro.
The official told the Telegraph this was a very high threshold and
that the inconclusive answers would allow him to say the referendum
should be put on hold for the moment.
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