Should Britain join the Euro?
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Review of "Should Britain join the Euro?"
Okay, okay, so we live in a free market now where trade with the rest of Europe is much easier than in the past. However does this necessarily mean that we have to join the Euro? No it doesn't.For some countries who had a failing or weak economy (Spain, Finland etc) the best thing to do was to join the Euro and then hopefully the rest of Europe would help to pull them out of recession and into a stronger postion. If it didn't then they would have something to blame.
However for a country who stands in a very strong position with regards to market strength in Europe and with a comparitively high GDP then what advantages are to be gained by joinng the Euro? If the Economy in the UK is in quite good shape (compared to the rest of the world) then why change?
To change to the Euro would greatly please many Euro MP's and governments from other counties as we would then be in a position on a somewhat more equal footing and playing field.
However if to join was such a great thing then our Govenment would have already pusehed it though wouldn't they, like France, Germany etc. Don't you think?
I say that we are doing fine as we are and why change a good thing. The only advantage would be that when we travel abroad for business or pleasure then we know exactly what we are spending as we're already used to the currency but that is certainly no reason to change it.Another down side is that if we change to the Euro the European parliment has a lot more weight with regard to deciding our interest rates, and other important aspects of our economy which would affect us all. This we surely don't want. Would a Belgium or Spanish MP really choose to do the right thing for the U.K. I dont think so. Power and decision making has to remain with our parliment.
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Listed on Ciao since: 23/05/2002