Word: euros
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...fundamental European question, and that is always dangerous." But Blair hopes it will at least get him through the night. The public's trust in him has taken a beating from the Iraq war and an occupation that is getting more dangerous every day. Howard, backed by several Euro-skeptic newspapers, had been scoring points off Blair for arrogance and untrustworthiness in blocking the referendum, a theme that would have dominated local and European elections in June and provided a big stick for pummeling Labour in the general election expected a year from now. "Blair is bowing to political reality...
...Nick Sparrow, managing director of the polling company ICM, urges a little caution, though. Right now, he says, people conflate the E.U., the euro and the constitution (still being negotiated) into "a big blob of Europe," which means it's hard to predict how they'll feel about the constitution after an exhaustive campaign. But still they fear the blob. Cummings, who has been present recently at focus groups testing themes to fight the constitution, says people voice anti-E.U. views spontaneously and with a vehemence that leaves the government little to work with. "The only way Blair wins...
...INDICATORS In Good Company The European Commission issued warnings to three more euro-zone countries set to breach the region's stability pact this year. Finance commissioner Pedro Solbes slammed the Netherlands , Italy and Greece (along with serial offenders France and Germany) for running budget deficits in excess...
MATTHEW McGREGOR, of the British anti-euro "no" group, on its decision to suspend its campaign after ruling out a U.K. referendum on the single currency before...
...Amount by which the dollar has declined in value against the euro in the past two years; such weakness drives down the price of U.S. products overseas and should have reduced the trade deficit...