It's time for the UK to join the single currency then?

[Helm]

Just noticing that the Euro seems to be stronger than pound at this point, so we may as well get in there while the goings good. That was after all the original idea.

[Norpheus]

Its a question of independence really aswell. Sure the Euro is strong now, but when the crisis turn you might aswell go up faster than they do.

[Bovril]

Whilst smaller curencies often are more resilient and adaptable, it might be that the UK's economic dependence on the financial sector would make joining the euro a good move. We're always going to be a little bit at the mercy of the winds of economic change whilst we stick to the pound. Besides, it looks like the euro might become the international oil trading currency before so very long. If it does, I want in on all that free money when the value of the euro scyrockets.

[Yorkshireman]

No. Why should we hand over our fiscal control to Europe.

[Helm]

No. Why should we hand over our fiscal control to Europe.

We should either be in with the rest of Europe equally or not in the EU at all the way I see it.

[justicar5]

No. Why should we hand over our fiscal control to Europe.

because it' better than letting the 'finicial center' ruin.. sorry run,, sorry erm what do they do thats good again? The Country,

[Yorkshireman]

because it' better than letting the 'finicial center' ruin.. sorry run,, sorry erm what do they do thats good again? The Country,

Europe's no better off than the UK during this latest crisis.

[Helm]

Europe's no better off than the UK during this latest crisis.

We would still be better off having the stronger currency though.

[Digbert]

Why would I want to use Monopoly money

[Norge]

No. Why should we hand over our fiscal control to Europe.

You are Europe.

[Edward lV]

You are Europe.

Were british. End of.

[Norge]

Were british. End of.

You're also European.

[Edward lV]

You're also European.

No were not.

[Markas]

You're also European.

So why should we join the Euro?

[gojira]

Every european´s forefathers lost their blood in fights for freedom and independence, just to see their heirs throwing all that into a blue european trash can. It´s shame.

[Treize]

Every european´s forefathers lost their blood in fights for freedom and independence, just to see their heirs throwing all that into a blue european trash can. It´s shame.

QFT!

[Helm]

Every european´s forefathers lost their blood in fights for freedom and independence, just to see their heirs throwing all that into a blue european trash can. It´s shame.

And why were we fightning all the time? Because we weren't all joined together as we are now.

[Edward lV]

And why were we fightning all the time? Because we weren't all joined together as we are now.

To kick Herman ass mainly.

[Musthavename]

We would still be better off having the stronger currency though.

Actually, joining the Euro while our currency is in a weakened state would probably be worse for us. If you want to go into the single currency, you're better off doing it while your own currency is in a half decent state.

Likewise, as you'd lose your own central bank's ability to control interest rates, it would cause a hike from 0.5% to something along the lines of 2% or so (I can't remember what the European rate is right now, iirc it was 2.5%, might have come down a bit though).

[Helm]

I'm sure they will level out at some point, that would be the best time to join.