You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser.
alternatehistory.com
Hello all, this is a short discussion question, but: what if Britain had joined the European Exchange Rate Mechanism in 1979 when it was first introduced as opposed to during the Major years? As I recall, they did not do so because Denis Healey was against the idea at the time when Labour was in government, but what if the Europhiles like those in the Conservative Party had pushed for it?
What would have required Britain to actually join the ERM?
What would be the short-term and long-term implications of this?
How would this effect the establishment of a single currency?