Banking on Sterling: Britain's Independence from the Euro Zone, by Ophelia Eglene, provides an in-depth analysis of the British policy on the European monetary union over the past twenty years. The author demonstrates that the British government always had in mind the interests of the financial sector. As London became a successful offshore euro center, the government increasingly compensated the export-oriented business sector that had lobbied for adoption of the euro. This study shows the unequal influence of business and finance on the British economy.I29 In 2005, Nissan, which had been criticized for its previous stance on the euro and for blackmailing the government to ... Toyota and Nissan were among the first multinational corporations to start working around the currency problem thatanbsp;...
|Title||:||Banking on Sterling|
|Publisher||:||Lexington Books - 2011|