Word: euros
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...techniques of modern politics - systematic fertilization of grassroots support, instant response to news, slick website, skillful ads - to convince both the intelligentsia and voters that relinquishing a national currency, especially control of interest rates, will lose Britain more than it gains. The key campaign slogan - "Europe Yes, Euro No" - has blunted Prime Minister Tony Blair's push to paint all keep-the-pound forces as crazies who want to pull Britain out of the E.U. altogether...
...child, he lived three years in Poland. He has worked in Russia and has a Russian girlfriend. His favorite European city? Naples. ("It's beautiful, chaotic, no tourists.") But Dominic Cummings, natural born European, spends most waking hours trying to keep Britain from joining the euro...
...good at it, too. The tiny lobby group Business for Sterling, of which he is campaign director, has repeatedly derailed Labour's fearsome public relations machine in its efforts to make euro membership look desirable and inevitable. Polls show that two-thirds of British voters now want to retain the pound...
...Cummings thinks single currency advocates can't square their dark predictions for Britain outside the euro with its current boom, including buoyant inward investment. He fears the euro will actually hurt European stability, because if a recession hits, a single interest rate will exacerbate unemployment in some countries, to the benefit of far-right rabble-rousers: "As a pro-European, I don't want to see Europe go backwards." So soon after Blair is re-elected, expect Cummings to orchestrate a big, well-funded campaign to convince Blair he can never win the euro referendum he would love to call...
...Euro environmentalists play pass the potato...