EMU: how it works (and which parts don’t apply to us)

Following the proceedings of the first session of the LSE Commission on the Future of Britain in Europe, we continue the topic of parity between the Euro-ins and the Euro-outs in the European Union. Simon Gleeson writes that while the UK does not have a blanket opt-out from EMU as a whole, it has a very specific opt-out from certain aspects of the euro project.