41.  What are the expected benefits from the introduction of a single European currency?

42.  What are the policy implications for member states of a single European currency?

43.  First, there is the case of currency union, the type of monetary union preferred by the EC, which involves member countries adopting a single currency.

44.  The introduction of a single European currency was viewed as potentially having a psychological effect of some, but not decisive, usefulness.

45.  Although promising more cooperation with Europe, Blair also has promised a referendum if the government decides the U.K. should join the proposed European single currency.

46.  Although promising more cooperation with Europe, he has also promised a referendum if the government decides the U.K. should join the European single currency.

47.  Although promising more co-operation with Europe, he has also promised a referendum if the government decides the U.K. should join the European single currency.

48.  Also, German bonds have gained amid concern that plans for a single European currency will fail.

49.  Also weighing on the mark were comments from the Franco-German summit in Laval, France yesterday underscoring plans to form a single European currency, the euro.

50.  Analysts have interpreted this as a sign that France will try to relax the criteria for adopting the single currency.