Rips huge holes in the Union stance on the currency issue...and from an outsiders perspective. In fact some of the world’s richest nations are members of currency unions. Examples include Hong Kong/Macau and Singapore/Brunei. Then there is the granddaddy of them all, Switzerland/Liechtenstein. ...the United Kingdom and Ireland maintained a currency union for many decades after Ireland became independent in 1922. British pound notes circulated interchangeably with Irish pound notes up to 1979, when finally, in preparation for Ireland’s transition to the euro, the Irish pound’s link with sterling was broken.
Posted on: Wed, 19 Feb 2014 09:23:12 +0000
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