Okay, why won't UK use the Euro ?

Question

If our country used the Euro, surely we would be better off and not in this situation.? If the government got off their ars* and changed our currency, like all the other European countries, we would not be in this mess.
who else thinks this is true.?
Thanks

Answer 1

I think its because we have very little left now as a national identity..Take away Sterling and we become more European and even less British than we now are..

But thats just my view.

Answer 2

If we had the Euro we would be in a worse mess.



If you have one currency, then you have to have one interest rate. OK?

Which means we couldn't have dropped interest rates today which has just happened.



So if we were in the Euro today...



1. People would not be getting cheaper mortgages (they would be paying more)



2. Because they had dearer mortages they would have less money to spend.



3. Because they had less money to spend, the shops would be in an even worse state than they are now and be making even more job cuts.



Edit...



You really don't have a good understanding about basic economics if you think the Euro is a good idea.

I reckon you're quite young otherwise you would know that throughout the WHOLE of the 90's and until 2006 we outperformed every country that had the Euro.



So what your saying is we should have had it years ago and not even had a decent boom but instead be dragged along in the gutter like the rest of the Eurozone countries??



Since the Euro started the UK has had LOWER unemployment than every single Euro country and experienced top end GDP growth.

Get your facts right before getting on to a topic you don't know much about!



TWO things reallu annoy me about this topic..

1. People that say 'i like the pound'

2. People that say 'we should have the euro because i'd have more holiday money'



I don't care if you like the pound or you want more money to spend on holiday.. The Euro would be financially very bad for the UK.

Regardless of silly arguments - the basic financial argument wins and that is it would be catastrophic for our economy to be tied in with the Eurozone.

Answer 3

If the Labour government decide to adopt the Euro as our currency they won't call for a referendum on it because they know the British people will say NO. Labour is gradually eroding away anything that makes us British and I have no doubt that we will eventually become 'European' not British, and the Euro will be our currency. Gordon Brown is a total ar$e.

Answer 4

Since the UK's economy is one of the largest in Europe, its currency would decrease enormously in value should the Euro be used instead of GBP.



The costs and benefits of the UK using the Euro are repeatedly considered, and I guess it has constantly been concluded that disadvantages would have greater influence on the UK econmoy than advantages. This conclusion will have been made for the country's own good, right?

Answer 5

Change of currency would not change the economic climate at present. I do not want the Euro - we should keep everything that is British in my opinion otherwise Britain will just lose it's identity and become one of the herd.

Answer 6

I like the pound. It would take ages to get used to the euro, and all the prices will shoot up because they know nobody can tell. And tills will have to change so it would be pretty costly to set up. And the Queens head is on the pound, and I like that. And plus, it's like this is the very last thing that remains from our 'old ways'.

Answer 7

Get your facts right and dont have such a strong opinion on things you know nothing about. If we changed to the euro now we would be in an even worse position than we are now, in addition to the SPAIN/ITALY/GERMANY are all in an economic crisis, and they all have the bloody euro, so surley that proves the current economic crisis has NOTHING to do with what currency you use.

Answer 8

Agree with first answer... the economic crisis is about where the money goes, not what the money looks like.



Besides, the pound coins and 50p coins are way too cool and a lot more money-looking than the euro-cents.

Answer 9

I think that most uk citizens would rather keep the pound.



its more about history and identity than economical sense.



I for one would never like to lose the pound. its still a very strong Currency and when the downturn goes up again it will be back to normal.

Answer 10

Different currency wouldn't change the crunch!

All the banks would still be in debt !! You crazy fool!

Answer 11

The current economic crisis has nothing to do with currency

Answer 12

Nope can't see that working, anyway, I like the pound!

Answer 13

probably the same reason the US would never use the Amero.



Because we dont want to!

Answer 14

because most of the old people here still havn`t got their heads around decimal ..they think we`ve still got 1/2 a dollars and 10 bob notes

Answer 15

it's a queen's country and a kingdom