In recent years Lib Dem support for the European project has had a distinct flavour of yearning for a better yesterday, which is the charge that was made against the SDP in the 1980s. So it is good to see Nick making a case for the euro that relates to today's headlines
Britain must prepare to ditch the pound and join the euro in order to salvage the public finances and prevent the “permanent decline” of the City, Nick Clegg, Liberal Democrat leader, said on Tuesday.
Predicting that debate over the euro could soon return with a vengeance, Mr Clegg argued that joining a “major reserve currency” would protect Britain from its “extremely dangerous” exposure to volatile global capital flows.
In an interview with the Financial Times, he said public opinion could “turn on its head” and swing against the pound as the “sheer brutality” of the crisis prompted the public to yearn for the stability offered by the eurozone.
My own preferred solution is for the euro to be made legal tender in Britain - I have seen shops in the more touristy areas of Scotland that already accept it - and to let the people decide that way.