91. Britain is not a member of the euro zone. 92. Britain, Denmark, and Sweden belong to the European Union, but not the euro zone. 93. Britain, Denmark and Sweden, all European Union members, have yet to join the euro zone. 94. But banks in countries outside the EU have been gearing up to make the currency available to travellers to the euro zone. 95. Business confidence in the euro zone improved in January owing to better outlook for production, the European Commission said on Tuesday. 96. But data from the euro zone has also been lacklustre at best. 97. But opponents argue that Britain has fared well outside the euro zone already and are hugely sceptical of surrendering control over monetary policy to the European Central Bank. 98. But there was also favourable economic news out of the euro zone to spur the single currency on. 99. Countries which fail to qualify this year will be admitted to the euro zone later when they have met the conditions. 100. Commenting on the euro zone, he said the trough had been reached at the end of last year, with a slow recovery currently under way. |