Last edited by Shaktimuro
Friday, January 31, 2020 | History

7 edition of Should Britain Join the Euro found in the catalog.

Should Britain Join the Euro

The Chancellor"s Five Tests Examined

by Patrick Minford

  • 53 Want to read
  • 14 Currently reading

Published by Inst of Economic Affairs .
Written in English

    Subjects:
  • EU & European institutions,
  • Monetary economics,
  • EU (European Union),
  • International - Economics,
  • International Relations - General,
  • Business & Economics,
  • Business/Economics

  • The Physical Object
    FormatPaperback
    Number of Pages69
    ID Numbers
    Open LibraryOL10229358M
    ISBN 100255365276
    ISBN 109780255365277

    Providing that the Euro does complete its launch successfully, it is difficult to see how the UK can afford to remain outside the Euro economically and politically. Graham Auty, Leeds, UK We should at least be given the choice of the euro or the dollar Christopher, England Linguistically, historically, financially and personally our ties to the US are far closer than ties with Europe, if the politicians are going to take away our own currency we should at least be given the choice of the euro or the dollar. It failed: in Britain applied for membership for a second time Tatham Consequently we hear only trite over rehearsed, meaningless rhetoric and political point scoring.

    Sophie, GB Go on just read the comments, have you seen the pattern. People forget that we do as much or more trading with America as we do with Europe and we would not have to lose our national independence or our sovereignty. Alan Rickards, England This country should have the Euro as soon as possible, Businesses have been dealing in the Euro for years and it would reduce costs all round. The success of the Labour Party or the Blair-Brown partnership in managing the UK economy is causing people to doubt whether joining is a good idea.

    Europe should keep Britain out of Euro. Ben, England No doubt the PM is afraid of having a Referendum now on the Euro because he knows exactly what the result will be! Yes, let us join now and forget the Empire thats day has long gone. But of course! Others believe that a successful common market is not dependant on the adoption of a single currency, which they see as merely another irrevocable step towards the political union of Europe. Many believe that the five economic tests, as constructed, set benchmarks so difficult to satisfy that a movement to the euro from the pound sterling can never be justified.


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Should Britain Join the Euro book

Economically speaking I think the Euro is a great idea. The EU is yesterday's thinking - let's stay out! People should be given the real facts about the benefits of EU participation over the next year and move to a referendum as soon as possible.

For example, the employment rate of only 50 per cent in Greece is not much below its level in the pre period. And by the way, does anyone seriously think that governments UK or European have more control over the economy than big business?

If the UK attempted to join EMU too soon, there is a risk that interest rates would be too low for price stability in the UK and that other measures would be needed to slow the economy.

The "benefits" are clearly unproven. The Euro draws all to the lowest common denominator, so the UK can expect a rough ride if it joins. Judy Yes we must join and the sooner the better.

Member countries of the eurozone have taken huge risks to make together a strong currency.

Why did Britain join the EU?

However, I believe the most important categorization to help explain the European Union and how it operates is whether it is viewed as a primarily supranational or intergovernmental organization.

Petra, Slovenia I am a Brit living Germany. Please debate the issue based on economic and social considerations rather than the make-up of a disc of metal! Blair says we should learn from history when dealing with the EU. The euro is the official currency for most of the member states of the European Union.

A number of currencies in the former British Colonies in Africa in this or that way are linked to the British sterling. They include the very different philosophies of regulation which lead to swings in market sentiment about likely future success; differences in business cycle timing which cause swings in interest rates; and differences in adoption of new technologies.

My opposition stems from: a the fact that the Euro is a weak and unstable currency. In an age when states are breaking apart amid much fighting and bloodshed think the former Soviet Union, the former Yugoslavia, the former Czechoslovakia etc it is lunacy to take such a disparate group of countries and expect them to function as one.

How many of us anyway think when we are shopping what the name of the currency is as long as we have enough. Politically the Euro may be a good idea, but the ordinary people will lose more than they gain, and believe me they'll have plenty to moan about 2 or 3 years into the change.

For example the claim that the EU is undemocratic is bizarre when one considers that the European Parliament is considerably more democratic than our own. We all know the British are too sensible to gamble away out future by joining the euro.

Alan Manson, Scotland I find it curious that Mr. Obviously there will be some teething problems and these will be much publicised and ridiculed by the media, who will be in tune with the normal human instinct to resist change.

Should there be a referendum on the issue? We cannot afford to give up this control. Remember that many were opposed to Ireland joining the euro without Britain, for very similar reasons to those we hear today about the economic costs to Ireland of a Brexit.

I hope that we never every join the Euro - I wished that we had not joined the EU!! Tony Blair's concept for joining the Euro?

Opinion: Britain shouldn’t leave the EU

Lost wars In purely economic terms, WWII was remarkable both by the extent of destruction and the speed of recovery. Raul Kharbanda, Dublin Ireland Britain should join the Euro as soon as possible, and support a unified Europe as much as possible.Jul 24,  · Why the UK must never join the euro Mr Corbyn is Britain’s version of Greece’s Syriza, the far-left insurgency that has bankrupted the country and which has now so brutally been put down.

European economic and monetary union is driven by politics, but the economic costs and benefits of Britain's membership can and should be assessed, argues Professor Patrick Minford in this careful and succinct analysis of the cases for and against Britain adopting the Euro.

The core argument in favour is the reduction of exchange-rate risk, but because the Euro is a regional currency that has. Aug 04,  · Buy Should Britain Join the Euro?: The Chancellor's Five Euro Tests (Occasional paper / Institute of Economic Affairs) (Institute of Economic Affairs: Occasional Papers) UK ed.

by Patrick Minford (ISBN: ) from Amazon's Book Store. Everyday low prices and free delivery on /5(2). Should Britain adopt the Euro? Denmark, Sweden and Britain are the only three countries in the European Union to have said ‘no’ to Europe’s single currency, the euro.

However, there has long been a debate in Britain as to whether the euro should be adopted. Many political leaders believe that the British economy would benefit.

Why the U.K. Doesn't Use the Euro

It is for Britain to decide whether or not to join the euro – and I’m American. But it’s important to all of us that Britain flourishes. And this American can only admire the strength and clarity of the economic analysis in Why Britain Should Join the Euro.

The argument is surely right. Patrick Minford is the author of Should Britain Leave The EU? An Economic Analysis Of A Troubled Relationship, Second Edition ( avg rating, 3 ratings /5.