"Britain wants the single currency to be a success. It is massively in our interests that we have a stable financial system on our doorstep."

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Britain is not part of the single currency. That is a decision we have taken, a voluntary decision of this country, but as a result are part of a European Union 19 of whose members are rapidly integrating, creating political, fiscal, monetary, economic union to make their currency work. And that is increasingly rubbing up against the operation.

— George Osborne