Economic and Monetary Union (EMU) will have far-reaching consequences for participating nations. The economic and policy implications are evaluated by distinguished economists, whilst the impact upon national sovereignty and the world of work is debated by prominent MPs and representatives of business and trade union organisations.

Preface Acknowledgements List of Contributors Introduction: An Overview of European Monetary Integration; M.Baimbridge, B.Burkitt & P.Whyman PART I: THE ECONOMICS OF A SINGLE CURRENCY The Case for European Monetary Union; N.M.Healey The Economic Consequences of EMU for Britain; J.Michie Joining Europe's Currency; R.Layard The Single Currency - Will it Work and Should We Join?; P.Minfold PART II: ECONOMIC POLICY CONSEQUENCES OF A SINGLE CURRENCY Saving Europe's Automatic Stabilisers; B.Eichengreen The Deflationary Consequences of the Single Currency; P.Arestis & M.Sawyer EMU: Threats and Opportunities for Companies and National Economies; Lord Currie of Marylebone British EMU Membership Would Create Instability and Destroy Employment; W.Eltis PART III: WORK, EMPLOYMENT AND BUSINESS The Case for the Single Currency; C.Haskins EMU and the Opportunities for British Business; Lord Simon of Highbury Business Attitudes to EMU and the Risk to Stability; S.Davies A Single Currency for Europe - Considerations for Workers; J.Monks The Single Currency and the European Social Model; J.Edmonds PART IV: SOVEREIGNTY AND POLITICAL DETERMINATION Sovereignty in the Modern World; E.Heath Sterling Democracy or European Bureaucracy?; J.Redwood The Case for the European Single Currency and for the UK Joining It; G.Radice The Case Against the Maastricht Model of Central Bank Independence; D.Abbott Glossary Index