BBC NEWS | Politics | UK 'closer' to adopting the euro
Are plans in the works to allow the UK into the Eurozone depite it breaching just about every membership criteria? It was a disaster when Italy and Greece were allowed in without being ready. Add the UK to the mix and the euro will float like an anchor.The UK is "closer than ever before" to joining the euro, according to the European Commission's president.
Jose Manuel Barroso told French radio that British politicians were considering the move because of the effects of the global credit crunch.
The UK needs to be allowed to go bankrupt.