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Essay Details:
Essay text:
This is largely so, particularly the advantages to the Financial Services sector.
For
Low inflation
The prospect of sustained low-inflation under the responsibility of an independent European Central Bank should reduce long-term interest rates and stimulate sustained economic growth and competitiveness. The UK has a successful flexible labour market that would be highly effective inside a single currency area.
Arguments for a single European currency often rest finally on the hope that it will usher in permanently low inflation, which has been the expressed objective of British policy for some years...
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