Financial Times FT.com

Counting the costs and benefits of belonging to the European Union

By Scheherazade Daneshkhu

Published: January 4 2005 02:00 | Last updated: January 4 2005 02:00

It is generally believed Britain's membership of the European Union is a good thing. But the, at times divisive, debate over joining the euro and fears about the consequences of EU enlargement have led to this assumption being challenged.

The likelihood is that as Britain takes over the EU presidency in the second half of this year and the argument over the EU constitution heats up, the benefits of membership will come under greater scrutiny.

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