... greatest understanding of it. Economic and monetary union is not a simple matter, its effects constitutional, political and economic debatable and complex. For some, then, ordinary voters may - rightly - have control over the person who makes the decision for them, but they do not in general have the expertise to make it wisely for themselves. Therefore, they see a referendum as very much a mistake. The argument that the choice between the euro and the pound must be made by the British people at a referendum rests on the significance of the decision in question, and its ramifications for the future. Many regard it as the most significant for generations: the moment when the British people must decide whether their destiny is primarily as part of Europe or as more even-handed global citizens, with diminished influence over the continent. Entry is intended to be irreversible, and a currency is ...

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