Unlike the majority of European countries, the UK declined adopting the euro in 1999, and the pound continues to be an important currency benchmark for many nations. (finder.com)
In effect, these countries filed false prospectuses; they fluffed up their assets, disguised the liabilities in their pension and benefit schemes, and managed to adopt the euro at a rate of exchange that exaggerated the value of their currencies. (canadianbusiness.com)
The Conservative government has apparently adopted the EURO model of economic growth, even though the EURO area countries have finally realized that austerity without growth doesn't work. (3dpolicy.ca)