What is the point of the Euro and should the UK submit to it?
Answer:
the point of the euro was to make trade easier between eu countires, however the downside is essentially more profitable countries subsidize poorer countires by adopting a single fiscal policy as if it were a single country.
For example in the USA some states have more unemployment than others so the government changes fiscal policy to increase employment, which causes the states with nearly no unemployment some hardship, but since it is one country we accept it.
In the UK's case why should they accept subsidizing the socialist policies of germany, france etc. being the more profitable country.
I say they should reject it, bad enought to have to pay taxes to subsize your own citizens much less foreign ones.
If we ever join that bank of toy town we are doomed.
It will collapse one day and I pray we are not in it when it does
Reelect the Labour party and that maniac Gordon Brown will show you how ridiculous it is.
It would stop the bank robbing me blind every time I change money to go to Europe.
It would allow our industry to plan properly knowing that imports and exports to EU countries won't change in price due to currency fluctuations.
It pisses off the BNP and UKIP racists.
We really don't want it if we ever get to have any say in the matter.
I have a German brother in law, and he moans about it every time I speak with him.
He says that prices all went up overnight when the Euro replaced the Mark, and most German people hold that view.
Ditto for France, they're not happy either.
It has benefitted some businesses to be sure, but most working people have found that they've lost out.
Perhaps the fact that we have a relatively strong economy at the moment is because we didn't sign up for the Euro, note that economies that were reasonably OK before joining the Euro are now in trouble.
I really don't understand why Mr. Brown thinks it's such a good idea.
If we have to "join a club", the US is a better bet :-)
I still think we should get out of the EU altogether, it costs us money.. we pay in more than we get out overall.
Here in Wales we have benefitted from EU handouts eg: Objective One, but the politicians don't seem to realise that all the EU is doing is giving us back money we already conbtributed.
It would be much cheaper for the UK to dump out of EU and then Westminster could simply send the moiney direct to Wales, Scotland etc. without wasting half of it by routing it via Brussels or wherever.
Because there are two main barriers left to completly free-markets in Europe at the moment, Language and currency. By moving into the Euro-currency that would remove another barrier to free trade, and stood alone the Language barrier is of little relevance.
I am not keen on the way the Euro is running currently but the idea is sound. All new things start off hard, but eventually will work very well. Change is painful, but necessary, but.eventually we will have to accept that working as seperate factions as we do at the moment is simply not the best way forward. Its the reason the likes of Saddam, Mugabe, Kim Jon il and the rest of those mob rulers can still operate. Imagine if a new council came into power in Dorset, and began the mass slaughter of any non-British people, they would be stopped in an instant, but that could never happen because that control would not be tolerated.
The euro is basically a 'europeanised' US Dollar, but run from brussells (or frankfurt, where the ECB is)
The UK has never had much luck with single currency systems, remember 'the gold standard' or EMU/ECU etc (where the tory chancelor Mr Lamont put up interest rates by almost 10 p/c in less then 12 hours
The Europeans don't like the euro, the markets aren't too sure, even though GBP is fairly strong against the Euro/USD, the markets, trade and business still prefer the dollar over GBP and the euro/gbp or pretty much neck and neck as a popular currency system
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