@Edamame: no they don't, i don't know the specifics of why, personally i think it's their aragance, also the six counties of northern Ireland also don't offically use the euro but it is accepted in some places
@texasdeathmatch: so they do it cause they believe a rediculously complicated system is easier than one that only really requires you to be able to multiply by 10
" @texasdeathmatch: so they do it cause they believe a rediculously complicated system is easier than one that only really requires you to be able to multiply by 10 "
We dont use the Euro since its weaker than our currency, so would effectivley be of no benefit to use it And we want to keep our own currency well most of us do anyways.
@Edamame: personaly no since i would prefer to have some national identity and not sell out and start using the euro because " everybody else is". But since its not down to me that would maybe change things.
" @lazystudent: If you ask me, you did the right thing to keep the British Pound. I think that Europe wasn't ready for the euro yet. "
The EU is expanding way too quickly in my opinion. "
I agree with that. Also I believe that euro was a wrong move. I understand their thinking but they should have thought more how each country's economy would react to it. Not all economies are the same.
Basically, back when there were debates over this in 1997 that the UK would only adopt the Euro if five economic tests were passed, and only four of them have been. According to Wikipedia:
1. Are business cycles and economic structures compatible so that we and others could live comfortably with euro interest rates on a permanent basis? 2. If problems emerge is there sufficient flexibility to deal with them? 3. Would joining EMU create better conditions for firms making long-term decisions to invest in Britain? 4. What impact would entry into EMU have on the competitive position of the UK's financial services industry, particularly the City's wholesale markets? 5. In summary, will joining EMU promote higher growth, stability and a lasting increase in jobs?
So they claim that the second one hasn't been met, and the last three basically depend on that second one being fulfilled. Other than that there's actually an awful lot of arguments for the Euro, people here are just stubborn. I like the EU, I think it's been extremely beneficial to Europe as a whole and I see no reason why the Euro shouldn't be introduced in the UK.
@hdorman1: sorry, i can't let this stand. he was wrong about plenty of things, (India, capital vs. labour etc.)--but he was not a hatemonger, and he was one of the best we ever had.
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