UK Should Take No Pleasure in Euro's Fall

Talking yesterday to my old friend and colleague Phil Johnston, who happened to be editing this page, I was reminded how right we were, all those years ago, about the euro. In 1990, he and I were sent by this newspaper to cover the Rome summit – the one where European leaders ruthlessly ambushed Margaret Thatcher and tried to get her to agree to what was then called the Economic and Monetary Union of Europe.