While the pro-euro camp show every sign of taking on the iron discipline of Tony Blair's New Labour, the antis are riven by doctrinal disputes which will make it difficult to develop a single, coherent message.

ECONOMIST: The euro

New Labour pressed for nothing more radical than a return to more traditional teaching methods and echoed parents' concerns about school discipline.

ECONOMIST: Bagehot

Many euro countries will find that high unemployment, stickily inflexible markets in goods and labour, and the absence of cross-border fiscal transfers combine to make living with the single currency's discipline uncomfortable at best.

ECONOMIST: Yves-Thibault de Silguy, euro-navigator