Britain’s eurozone entry ‘long way off’

BRITAIN’S entry to the eurozone remains a long way off, former British Prime Minister John Major told delegates at yesterday’s family business conference in University College Cork.

There was no prospect of signing up to the euro in the short term regardless of the outcome of next month’s general election, he said.

However, Mr Major did not rule out the end of the pound, whose abolition would wipe out exchange rate problems for Irish exporters and make it easier to trade with Britain.