The Euro.

[Joeyy]

Hi, Do any of you think we will have the Euro by the end of this year in the Uk? I know they need time to change everything etc, What are your throughts?
Or do you think it will come in in a few years

[DrLacero]

I hope it never comes, people will oppose it. It seems it's only the politicians that want it, leave my currency be.

[PriceTags]

I don't think it will any time soon.

[Misawa]

No, and went David Cameron comes in, the idea will be utterly scrapped from all contemplation.

[brandon]

If the Pound goes then so does a large part of British tradition.

[RyanDOT]

Euro? Huh?
Euro 2008? Huh?
Europe? Huh?

[brandon]

Euro? Huh?
Euro 2008? Huh?
Europe? Huh?
The currency. Couldn't you get the jist from our posts..

[Caution]

Euro? Huh?
Euro 2008? Huh?
Europe? Huh?
i thought it was obvious lol..

[Hiro]

No, because the GBP is one of the strongest currencies in the world.

[Monopoly]

Sterling is a stronger currency that euro I believe?
&+ there would be a public vote for such a thing and I' sure most of the public couldn't be bothered changing currency and would vote against the change

[Smiddy]

Why would we want to associate with a currency which a bunch of countries who hate us have? :S They envy our independence currency wise.

[Janczyk]

http://sexymen.dk/sjovt/pictures/euro%20sweden.jpg

Just had to fit that in.

No, because everything will shoot up in price like in Greece and everywhere else.

[alexxxxx]

Why would we want to associate with a currency which a bunch of countries who hate us have? :S They envy our independence currency wise.

give me a source saying they do, it wouldn't make sense apart from the fact they can't change their own interest rates.

tbh - it's ridiculous NOT changing to the euro, the value of the pound will decrease rapidly soon (or the euro rises) because the euro will be traded more than the pound in the world markets (increasing demand = increasing price/value), which means that we will lose out in the end.

All this 'lose tradition' stuff is what keeps this country behind.

But no - it won't go through because the conservatives will win the next election, and they are all anti what labour is. so eh. It's a loss.

[Smiddy]

;4943658']give me a source saying they do, it wouldn't make sense apart from the fact they can't change their own interest rates.

tbh - it's ridiculous NOT changing to the euro, the value of the pound will decrease rapidly soon (or the euro rises) because the euro will be traded more than the pound in the world markets (increasing demand = increasing price/value), which means that we will lose out in the end.

All this 'lose tradition' stuff is what keeps this country behind.

But no - it won't go through because the conservatives will win the next election, and they are all anti what labour is. so eh. It's a loss.
Who needs a source to prove that?
Give me a source saying that the price of the Pound will go down soon? Why do we need to trade the pound? We don't. We convert currencies when we trade, it's no big loss.

[Shawnstra]

As an outsider, I don't think it'll be a good idea, your economy may be affected seeing how strong the Pound is. Meh if it you change to the euro I get to go to UK earlier because its more affordable :P

[alexxxxx]

Who needs a source to prove that?
Give me a source saying that the price of the Pound will go down soon? Why do we need to trade the pound? We don't. We convert currencies when we trade, it's no big loss.

The pound already has lost it's value against the euro! There's proof already! Have you seen how expensive it is now, 78p/€?

Currencies are traded on the basis of how much the currency is worth taking into the effects of inflation, interest rates etc by people/corps whatever. THIS affects the price you pay for your euros at the bureau de change/banks.

You don't 'convert' your pounds to euros, you are trading your pounds for euros, as in you're buying them, like bread.

http://www.x-rates.com/d/GBP/EUR/graph120.html - Graph of Pound/Euro

The British economy is slowing sliding..

[Smiddy]

;4943734']The pound already has lost it's value against the euro! There's proof already! Have you seen how expensive it is now, 78p/€?

Currencies are traded on the basis of how much the currency is worth taking into the effects of inflation, interest rates etc by people/corps whatever. THIS affects the price you pay for your euros at the bureau de change/banks.

You don't 'convert' your pounds to euros, you are trading your pounds for euros, as in you're buying them, like bread.

http://www.x-rates.com/d/GBP/EUR/graph120.html - Graph of Pound/Euro

The British economy is slowing sliding..
Ever just thought the Euro is on the verge of a landslide instead? If the pound is on the down currently, then that tends to mean it'll rise again soon, and vice versa to the Euro.
I understand the concepts you're explaining to me here and yeah it all sounds bad, but why should Britain keep adjusting to other countries beliefs/laws - or in this case, currencies - we're just a pushover country, or so it seems.

[alexxxxx]

it's all up for debate. who knows.

[DrLacero]

When/If we change to the Euro people will no doubt lose money, when we decimalised our currency they were able to raise prices on products which results in things being a lot more expensive without anyone knowing and as things are already very expensive here it'll be a big hit on people's bank accounts.


;4943658']
All this 'lose tradition' stuff is what keeps this country behind.


In some aspects definitely, but a sense of tradition is valuable; the monarchy, architecture, government and certainly our currency are a part of our history and should be protected. I'm sure some will disagree with that but I believe it (Although the civil list pisses me off :P).

[alexxxxx]

When/If we change to the Euro people will no doubt lose money, when we decimalised our currency they were able to raise prices on products which results in things being a lot more expensive without anyone knowing and as things are already very expensive here it'll be a big hit on people's bank accounts.



what you have to do is force everyone to show the price in pounds as well for a year or two, so people can see if theyre getting ripped off. this happened in france.

[cocaine]

The UK is stupid - we wanted to join to EU. So we joined it. Every other county whos in the EU uses Euros - so why can't we? It'd be easier using Euros because we wouldn't have to bloody change currency when we go on holiday.

[Judge Judy]

I remember there was going to be a referendum on it. But it got scrapped because Gordan Brown (Who were Chancellor) said something about it needs to be £1/1€ and then he said something about our own economic growth or something I forget.

But sometime probably a few years, we'll never know, that we'll be converted into Toy Money...

[DrLacero]

£1 = 1.26856€ at the moment so if he's waiting for £1 = 1€ it shouldn't take too long

[Kevin]

I live in a country where the euro has been brought in, that country is Ireland :P.


When it was first intruduced, everyone was like o no were loosing our currency and it will take a long time to get used to the euro. soon enough everyone started using it, and diddent think a any more about it.

Using the euro also has its benifits, as its accecpted in most europeian countrys, so you know what youre spending in other countrys.

It's going to happen sooner or later so you may aswell just accept the change and move on with it.

=-Kevin

[ToxicPaddy]

My family in Ireland said that before the euro came out there, everything was fine. But now the euro is there, everything is so much more expensive they can hardly afford stuff now. I hope it never comes here.

[Camy]

I think we should stick with the pound. Its still like the second strongest currency after the dollar, no need to change.

[tdi]

No, because the GBP is one of the strongest currencies in the world.
I agree, if the euro comes in the economy would go out the window, prices are high enough as it is (£1.30 for diesel, aghh) and they'll most likely rise again come the euro.

Granted it's the common currency in Europe itself but the GBP system is traditional and also unique. It'll also take time for people to change and more importantly businesses to adapt to price changes etc.

[DrLacero]

I think we should stick with the pound. Its still like the second strongest currency after the dollar, no need to change.

Strongest currency is such a broad term, you could say the strongest is the currency with the least inflation which is the dinar (the Kuwaiti one I think is the least of them). Or strongest could be the currency with the same amount in circulation at any one time (to avoid inflation) which would be the pound, or most widely used which is too close to call between the Euro and the Dollar. Then again the currency which all other currencies are based on has got to be mentioned, gold :P

[Naythi.]

It wouldn't work though cause..

Sound as a pound (Y)
Sound as a euro.. nah.

[RyanDOT]

i thought it was obvious lol..


The currency. Couldn't you get the jist from our posts..

Oh my bad. Realised later..

Thanks.

[Firehorse]

No way. And it's crazy! I'm in Ireland right now and the euro exchange rate is incredible. it's like 80p for 1 euro and the chocolate bars cost about 1 euro each. Thats at least 35p more than england per chocolate bar. And also flumps which cost 10p are 40 cents which is about 28p.

I would hate to have the euro. It would make the credit crunch situation even worse than it already is. Imagine having to halve your money if the euro came and not only that, everthing would be almost double the price and in most cases even more. If we did go to the euro things would turn out so bad the politicians would realise and want to go back to the pound. But what would be done would be irreversable because changing money back to pounds would mean you lose even more. Bad situation hey?

[Kevin]

No way. And it's crazy! I'm in Ireland right now and the euro exchange rate is incredible. it's like 80p for 1 euro and the chocolate bars cost about 1 euro each. Thats at least 35p more than england per chocolate bar. And also flumps which cost 10p are 40 cents which is about 28p.

I would hate to have the euro. It would make the credit crunch situation even worse than it already is. Imagine having to halve your money if the euro came and not only that, everthing would be almost double the price and in most cases even more. If we did go to the euro things would turn out so bad the politicians would realise and want to go back to the pound. But what would be done would be irreversable because changing money back to pounds would mean you lose even more. Bad situation hey?

What the hell are you on about bud? a mars bar is 50 - 60c. a bottle of coke in tesco is a euro. bottle of coke in other places (Most expencive 1.20.

Dont try to talk about countrys when you dont live there, because quite frankly your talking out of ur ****.

[Firehorse]

Actually I am not talking **** as I am here right now and even in tescos a mars bar is 79c
I don't see why you get so angry? Mabe you want to try and make me look wrong and mistaken? I have been in enough shops here in Ireland in Kerry to know what is cheap and what isn't.

[awelsh]

Actually I am not talking **** as I am here right now and even in tescos a mars bar is 79c
I don't see why you get so angry? Mabe you want to try and make me look wrong and mistaken? I have been in enough shops here in Ireland in Kerry to know what is cheap and what isn't.


WOOP WOOP I saw my name :D :D :D

well I dont want the euro, then poundland would turn into something like 1.20euroland which isnt cool atall, I want to be able to walk in with a quid coin and walk out wif sum knock off condoms.

I prefer the pound coin too, it just looks nicer and its soo easy to work things out now too.

[Mint]

Great British Pound, no way we are changing.

[Kevin]

Pound World turned into the 2 euro shop. now that is a bad exchange rate.

[Recursion]

Great British Pound, no way we are changing.

Great Britain isn't great anymore, taxes are rediculously high on everything, you go to Lanzarote, Diesel is about 1/4 of the price over there, same for just about everything else that is sold in Spain.

Wouldn't surprise me if good ol' Gordo raised VAT.

[Technologic]

Great Britain isn't great anymore, taxes are rediculously high on everything, you go to Lanzarote, Diesel is about 1/4 of the price over there, same for just about everything else that is sold in Spain.

Wouldn't surprise me if good ol' Gordo raised VAT.
Yes but salaries are taxed a hell of a lot more heavily in mainland europe.

[alexxxxx]

The sooner the euro comes, the better imo. Prices seem high in other countries because of our poor exchange rate which will worsen and our trade with europe could suffer.

[Pyroka]

To be honest, I do doubt it. I mean the euro would wreck the UK economy.

[alexxxxx]

To be honest, I do doubt it. I mean the euro would wreck the UK economy.

in what way?

[Pyroka]

The pound is currently dominating ALL currencies because it's not being produced in any other country. The US Dollar is produced in United States but it's in circulation around the world, which gives it a boost & the Euro is being produced everywhere but it's being used everywhere. If it wern't being used everywhere but still produced, it would send rates well down.

I'm not sure about that above paragraph tbh, thats just what I think goes on in the stock market.

[kk.]

Sterling is a stronger currency that euro I believe?
&+ there would be a public vote for such a thing and I' sure most of the public couldn't be bothered changing currency and would vote against the change
wrong. The reason britain will probably never change into the euro is because the bank of england controls all the rates meaning interest. If they change to the euro, we no longer have any control over the currency or the inflation. The UK has a higher GDP (i believe) and much lower interest rates than other countries which would mean that if we did change, they would shoot up.

At least i think tahts what my business and economics teacher said lmao.

To pyroka... You honestly dont think the pound is in any other country? how do americans and europeans get their hands on it then :P. What you said about it wrecking the economy is correct though


;4957293']The sooner the euro comes, the better imo. Prices seem high in other countries because of our poor exchange rate which will worsen and our trade with europe could suffer.
Exchange rates reflect on how well (or bad) the economys are. Ours is pretty bad atm which means we are not importing as much meaning that demand for our currency is falling. This makes the pound weak against others. The EURO is currently one of the strongest currencies atm because its stable

[You]

Change... We'll get used to it :D

[kk.]

Change... We'll get used to it :D
its not a matter of getting used to it, do you not think that the economy is suffering enough at the minute with the credit crunch? Changing will only make interest rates go up and as i am sure people will be aware but some may not, more imports will happen. European countries will already have low prices and people will have to adjust theirs here. They will more than likely be higher and you have to also factor in the cost for new tills, pricing machines, prices, new printing machines etc.

[You]

its not a matter of getting used to it, do you not think that the economy is suffering enough at the minute with the credit crunch? Changing will only make interest rates go up and as i am sure people will be aware but some may not, more imports will happen. European countries will already have low prices and people will have to adjust theirs here. They will more than likely be higher and you have to also factor in the cost for new tills, pricing machines, prices, new printing machines etc.
no .

[kk.]

i see your point :rolleyes: