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UK would respond twice as negatively as partners, which concludes that common policy change could carry significant costs for the UK.
- The only weakness in the UK defense is there industry, they have increasing production costs.
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- Labor party: Supports a monetary union to gain control of European economy, concerned with credibility. Problem? UK has seen no set backs despite poor economic performance in Europe causing UK to believe it was smart to stay out of the EMU.
- Conservative party: Want to maintain free-market access and competition w/o burden of EMU...
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