Day by day, the pound is failing. Will the pound recover? Yes but, not for awhile.
Being Briish myself, I do see the pound sterling as part as Britain's culture but I don't think it will last forever.
Printable View
Day by day, the pound is failing. Will the pound recover? Yes but, not for awhile.
Being Briish myself, I do see the pound sterling as part as Britain's culture but I don't think it will last forever.
It will. Trust me;)
We have been a member state of the EU for 25 years and havn't taken on the Euro yet and we shouldnt. We need some kind of independance to go with being an island on our own. So I say no, it will recover.
We won't join the euro so no point in debate.
The Pound will recover, I know it will, I'm sure it will. Please say it will recover, it breaks my heart in two with what's happening with the Pound at the moment.
Hopefully not, we're unique. :P
The pound getting weaker means more tourists which means pound will become stonger YAY :)
Sooner or later some leader will come along and think "Hmm, for my next holiday, i want to go to spain, but I don't want to change my money! Euro time" and make sucha big fuss over it.
Sooner or later, we will get the Euro.
It means exports are cheaper, imports are dearer
Atm euro is £1 > EUR 1.053 o.0
prices will just increase rapidly if we go to the euro.
Since when could you read the future?Quote:
Originally Posted by entrance
Dude, don't you know who i am and what i'm capable of?
No, I like the fact that we're individual and use the pound.
Isn't britian part of europe??
yh it is in europe
well done proving americans are clever.Quote:
Originally Posted by Metric1
euro is to confusing and everythings more expensive.
One of the main reasons we will probably never join the euro is because the euro bank has completely different interest and inflation rates. Had we already joined it we wouldn't hve been able to reduce the interest rates in recession or change VAT. We have different policies an so changing would cause a major uproar. Also, every single shop would have to change every items price along with tills and any other infrastructure they have using the pound
Not only that, but consumers will lose out. It would be an opportunity for businesses to raise prices as they will tend to round up rather than down
I'd rather keep hold of the only remaining thing thing that makes us British. Any government that tries to use the euro will have the general public on their back, and I don't think they're gonna want that.
Most currencies are doing badly at the moment, it will recover eventually.
um no i'm not some spanish freak
ew. ew. ew. ew.
no way. the euros are thin and ugly.
sterling ftw. x
Yeah and the sudden change will be confusing
Have to agree there.
BRITAIN'S RESPONSE:
NO!!!!!!!!!!!!
I'm pro-euro because it makes economic sense to do so. The problems are that we won't be able to set our own interest rates to suit our individual island. Benefits include being in the largest currency (larger than the dollar).
Soon, Oil and Metals will be sold in Euros not Dollars because of the dollar's decreasing value, so it makes sense for us to join the euro, so commodities don't rise in price as volitiley as they do now. The dollar is being destroyed by low interest rates atm and so is our pound as this means that investors don't put money in UK accounts as they won't gain much money in interest.
Nationalistic comments are not a good enough reason to not join; it's short-sighted and stupid.
BUT THE WAY OUR GOVERNMENT IS BORROWING MONEY ATM I DON'T THINK WE'D BE ALLOWED TO JOIN. PLUS the rate is so crap atm we will lose alot of our savings in 'real' value.
The Euro is in demand, pounds and dollars aren't at the moment... so yes, we should. We need to be in a big bloc to prosper, economies of scale and all that. We won't benefit from cheap exports because we simply don't export anything apart from fianacial services...
It'll make economic sense NOT to join. It will cost businesses billions to change their signs to euros which, as you may have noticed, is why VAT cuts aren't displayed in stores, rather, discounted at the tills e.g. Tescos still do it. The risk of a huge uproar from citizens and businesses alike is far too great to join a currency which a single country has no real control over.Quote:
Originally Posted by alexxxxx
No it shouldnt.
These are one-off costs. Every other european country managed to get over this. How come it makes sense for Germany (larger economy than us) but not us.Quote:
Originally Posted by GommeInc
i think one of the reasons for not switching would be that the pound/euro exchange rate is not exactly £1 to €1
given the current times for the whole economy everyone in business to change every price would cost thousands per store (depending if they have catalogue etc) and would just generally make stuff worse atm as prices would go up due to the cost of changing everything and so on.Quote:
Originally Posted by alexxxxx
I think we should follow the Monster Raving Loony Party's policy which is to not take on the Euro, but to invite European Countries to take on the GBP :8!
Well done trying to be clever, but I'm not American!Quote:
Originally Posted by Wootzeh
Nope. I don't know who you are and what your capable of. :)Quote:
Originally Posted by entrance
We should have joined it when the pound to euro was £1.40 because everything would have been so much higher but now we are all going to fail miserably.
I'd go into a massive thing on why we shouldn't switch to the Euro but I'd just confuse myself.
That would be a reason NOT to take the euro.Quote:
Originally Posted by cocaine
If we did join I wouldn't buy anything.
Quote:
Originally Posted by alexxxxx
isnt that exactly what he said?Quote:
Originally Posted by cocaine
Ewww i dont want another curency, It would be wierd.
We would need to make new slang names, like we have 'quid', but euro notes are pretty and colorful :)
no, what i meant that Parity would be disastrous if we joined the euro. Billions of pounds would be lost in value and we'd be the poor man in europe.Quote:
Originally Posted by entrance
and if you really think that staying with the pound for 'cultural' reasons as the only reason, then you need to get your priorities right imo.
I personally don't think any of us are knowlegable about macroeconomics and stuff to really have a decent debate about this.
yh but you said to him
'thats a reason NOT to switch'
when he said
'i think the reason NOT to switch is because..'
so i dnt get it :S