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Convergence, Flexibility, Investment, Financial services, Growth, Stability and Employment these catch words collectively constitute the 5 economic tests the politicians are throwing at us in order to justify their feet-dragging when it comes to a decision on the Euro. In order to fully understand and debate the benefits or lack of joining the Euro, it is worthwhile to understand the full issues. This forum is a good place to start.
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The Euro Should the UK join?
#1
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Posted 18 February 2004 - 08:58 PM
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MultiQuote#3 Guest_Top Hat_*
Posted 22 April 2004 - 08:53 AM
I think that if Britain truly wants to be a European nation then joining the Euro is crucial. Britain cannot be part of the slower half of a two speed Europe. cool
#4 Guest_billycotton_*
Posted 04 June 2004 - 07:11 PM
Don't be fooled in to thinking the 5 tests are the reason behind entry into the euro,this is a political decision nothing else.
#5 Guest_grant_*
Posted 26 June 2004 - 10:59 AM
Its this simple : The eurozone does not possess sufficient levels of labor market flexibility to make up for the loss of the exchange rate as an adjustment mechanism to shocks. Therefore we should not join.
cheers
grant
cheers
grant
#6
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Posted 30 December 2004 - 02:15 PM
I don't believe in the Euro personally. I don't pretend to know much about economics but to me the fact that our economy is growing faster than those in the Eurozone means something. Nothing to do with sentimentality for me, if a time comes when it would be beneficial to enter then I would have no objection, I just don't think it is at the moment.
#7
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Posted 21 March 2009 - 03:50 PM
LibDemUK.tk, on Dec 30 2004, 03:08 PM, said:
I don't believe in the Euro personally. I don't pretend to know much about economics but to me the fact that our economy is growing faster than those in the Eurozone means something. Nothing to do with sentimentality for me, if a time comes when it would be beneficial to enter then I would have no objection, I just don't think it is at the moment.
they now say UK was right after all for not joining.
#8
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Posted 21 March 2009 - 03:59 PM
grant, on Jun 26 2004, 11:52 AM, said:
Its this simple : The eurozone does not possess sufficient levels of labor market flexibility to make up for the loss of the exchange rate as an adjustment mechanism to shocks. Therefore we should not join.
cheers
grant
cheers
grant
Considering the pound to euro exchange is almost 1 to 1
I guess that it isnt the case
#9
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Posted 12 April 2009 - 06:32 AM
Exchange rates may vary over the years, and over history and thus mean nothing; but then it is not just a simple matter of unifying currencies.
A lot many other items get connected, including social and emotional systems along with this conjoining. It is better for Britain to get back to its old shape and physical fitness than to join the average of many other national systems of doubtful and dubious standards and historical experiences.
If a united Europe is to be considered, it is intelligent to think of one that emanates from England rather than one that protrudes from middle Europe.
A lot many other items get connected, including social and emotional systems along with this conjoining. It is better for Britain to get back to its old shape and physical fitness than to join the average of many other national systems of doubtful and dubious standards and historical experiences.
If a united Europe is to be considered, it is intelligent to think of one that emanates from England rather than one that protrudes from middle Europe.
This post has been edited by Ved: 12 April 2009 - 06:35 AM
#10
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Posted 12 April 2009 - 09:23 AM
yes uk has to joint the EURO ZONE. they can't stay alone or half /half
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