Briefly

Peter Sainley Berry
Saturday 15 March 1997 19:02 EST
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The Institute of Directors would have us believe that British interest rates will fall below euro rates if we stay out of EMU ("Pound 'better out of euro'", Business, 9 March). Who are they kidding? The markets will pay more attention to performance than wishful thinking. German interest rates are still almost 3 per cent below ours.

Peter Sainley Berry

Cowbridge, South Glamorgan

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