Should Britian join the euro?

[The Cullens]

ew. ew. ew. ew.
no way. the euros are thin and ugly.
sterling ftw. x

[Jordan:A]

Yeah and the sudden change will be confusing

[The Cullens]

Have to agree there.

BRITAIN'S RESPONSE:
NO!!!!!!!!!!!!

[alexxxxx]

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...

[GommeInc]

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.

[Pyroka]

No it shouldnt.

[alexxxxx]

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.

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.

[cocaine]

i think one of the reasons for not switching would be that the pound/euro exchange rate is not exactly £1 to €1

[scottish]

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.

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.

[Sammeth.]

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!