One of the most revealing indicators of the post-electoral projects of the New Labour is the way in which a possible adoption of the euro by the United Kingdom could serve to distract the attention from the scandal of legal consultancies of the Ministry of Justice before the war of Iraq. In order to fully appreciate the meaning of this distraction, it is necessary to recall that turning Great Britain into a European leader was one of the main ideas of Tony Blair’s project for 2007, which needed Great Britain to adopt the euro. However, in order to remain in power, it was necessary to abandon this idea. Today, after that denial, the best choice for Tony Blair would be finding a way to leave his post in an honorable way. And the sooner the better.
The current situation confirms it. The workers could have raised the European issue and avoid the Iraqi stalemate, but an erroneous analysis of the situation spoiled everything. When Tony Blair took power in 1997, he was admired in our country and in Europe, and he used his popularity to reinforce his legitimacy. However, he refused to adopt the euro and rejected to face the euro-skeptics when he was in a powerful position. Finally, he adopted the speech of his rivals (“veto”, “sovereignty”, “red line”, etc...) and prioritized the “special relation” with Europe. Consequently, he followed the United States to the Iraqi stalemate and supported the “Americanization” of the European Union.
Due to this policy, the French could reject the Constitutional Treaty, not for sovereignty reasons like in Great Britain, but because they do not want what they regard to as a “neo-liberal” turn. It is a bad appreciation of the text but the color of the Barroso Commission does not calm them down. If France accepts the “NO”, the European Union will divide itself and France and Germany will get closer to each other; if France accepts the “Yes”, the Labour Party will have to organize a referendum it can not win. Anyway, Blair seems determined to separate Great Britain from Europe even more. However, when Germany concludes to assume the cost of reunification, the European economy will re-emerge and the fragility of the British economy will become evident.

Source
The Guardian (United Kingdom)

A dream jettisoned, like ballast, to keep him afloat”, by David Clark, The Guardian, May 2, 2005.