Surprise at strength of UK’s ties to eurozone
January 23, 2005 by Ken
Filed under The Best of the Rest
FT.com / World / Europe – Surprise at strength of UK’s ties to eurozone: “Surprise at strength of UK’s ties to eurozone
By Ralph Atkins in Frankfurt
Published: January 22 2005 02:00 | Last updated: January 22 2005 02:00
The European Central Bank yesterday admitted to being ’surprised’ by the strength of the UK’s economic links with the 12-country strong eurozone, as revealed in trade and investment statistics that it had compiled for the first time.
In evidence likely to be seized on by supporters of British membership of the eurozone, the ECB produced figures showing that the UK dominated foreign direct investment into the eurozone. The UK was also the largest export market for eurozone goods, while British tourists visiting the eurozone largely explained the surplus in the bloc’s service sector part of its balance of payment statistics.”
Thanks to Martin Stabe for the link
