Letter to the Editor

31 October 2002


"I have just read your editorial in the October issue regarding entry into the euro. I am UK sales manager for Fardem, a large Dutch heavy duty sack manufacturer. We have been importing into the UK since the seventies. We export to the USA and Eastern Europe, as well as supplying countries within the EU.

"The fluctuations in exchange rates and polymer prices are something that we have always lived with; sometimes they work slightly against us and sometimes they move in our favour. The main premise that we hold is, that if we manufacture a good product and service our customers to their satisfaction, we will continue to enjoy good volumes of business within the normal world economic cycles. We invoice UK customers in euros or sterling, or in dollars if they wish.

"My point is, that to us as a company, the introduction of the euro in the UK may make life very slightly easier for our accounts department, but it will not create business for us.

"On a personal note I do not wish the UK to give up its ability to set it own taxes and therefore ultimately to lose our sovereignty. In my opinion, the creation of a European Superstate to rival America was a Cold War creation. There are some ideas and attitudes that underpin this Superstate venture that many people in the UK may ultimately reject or find very dubious.

"Another series of questions I would ask the Euro enthusiast is about Norway and Switzerland, and their ability to trade internationally without the euro. Also, how is it that the UK, as the fifth or sixth largest economy in the world, with centuries of international trading experience, can now only move forward if we adopt the euro?"

Rodger Jenkinson

UK sales manager


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