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Old 12-01-2008, 08:03 AM   #1
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UK closer to joining the euro

not much of a surprise, really. especially given how the pound has dropped dramatically in recent months to both the dollar and euro respectively. surely this would make the euro that much stronger, wouldn't it?

BBC NEWS | UK | UK Politics | UK 'closer' to adopting the euro
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The UK is "closer than ever before" to joining the euro, according to the European Commission's president.

Jose Manuel Barroso told French radio that British politicians were considering the move because of the effects of the global credit crunch.

Lord Mandelson said at the weekend that "our aim" should be to join the single currency - but Downing Street said its position on the euro remained the same.

The Tories called the reported talks about the euro "extraordinary".

In 1997 Gordon Brown, seen as less keen on the euro than Tony Blair, set five economic tests which had to be met before ministers would recommend UK euro entry and holding a referendum.

The key test is whether the UK economy is coming together with those of countries in the eurozone and whether this can be sustained in the long-term. The second test, linked to this, is whether there is sufficient flexibility to cope with economic change.

The remaining three tests assess the impact of joining the euro on jobs, foreign investment and the financial services industry.
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Old 12-01-2008, 08:40 AM   #2
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About bloody time!

I can't see it happening in the near future though, especially after the results of the Irish referendum this summer. Public opinion is pretty divided here still, too.
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Old 12-01-2008, 05:22 PM   #3
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Listen, the euro, sterling, the dollar - ALL are fiat currencies, in a race to the bottom.

The British people will never vote to ditch the pound. That said, a sleazy behind the scenes deal by the politicians is entirely possible.
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Old 12-01-2008, 05:34 PM   #4
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I like different monetary policies in different countries. Some countries under the Euro experience different levels of inflation than others requiring more targeted rate changes. It allows for countries that have the best policies as an example that others can follow. If the Euro weakens for some reason all countries under the Euro get affected.

A world currency would be even worse.
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Old 12-01-2008, 07:06 PM   #5
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Listen, the euro, sterling, the dollar - ALL are fiat currencies, in a race to the bottom.

The British people will never vote to ditch the pound. That said, a sleazy behind the scenes deal by the politicians is entirely possible.
I hope the British don't bow to the EU.
Are the Irish still free?
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Old 12-01-2008, 07:14 PM   #6
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Are the Irish still free?
No, we detained them all yesterday.

But no, the Irish already introduced the Euro, if that is what you mean with free.
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Old 12-01-2008, 07:16 PM   #7
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I hope the British don't bow to the EU.
Are the Irish still free?
Free from what?
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Old 12-01-2008, 08:34 PM   #8
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I hope the British don't bow to the EU.
Are the Irish still free?
I don't know if you're British, but I am and fully agree with the EU currency. If you consider completing our membership and reaping the benefits of a single currency 'bowing' under the EU, then I certainly hope we bow under.
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Old 12-01-2008, 08:45 PM   #9
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I don't know if you're British, but I am and fully agree with the EU currency. If you consider completing our membership and reaping the benefits of a single currency 'bowing' under the EU, then I certainly hope we bow under.


I guess we should all hold hands and sing "We Are the World"
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Old 12-01-2008, 08:54 PM   #10
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I guess we should all hold hands and sing "We Are the World"
Well, that's horrifically off topic, but I suppose doing that would be better than killing each other instead... right?

I'm European, I like Europe. I don't see what's wrong with being a united nation. Especially if it makes England a better place by doing so.
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Old 12-01-2008, 11:10 PM   #11
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I guess we should all hold hands and sing "We Are the World"
I find this kind of sarcasm strange coming from a very vocal Christian, I would think unity would be something to strive for...
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Old 12-02-2008, 05:04 PM   #12
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I guess we should all hold hands and sing "We Are the World"
Maybe we should all make out-there comments that make no sense and when someone questions us, we should ignore them? Oh darn it some of us already do that
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Old 12-02-2008, 05:21 PM   #13
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Originally Posted by partygirlvox View Post
I'm European, I like Europe. I don't see what's wrong with being a united nation. Especially if it makes England a better place by doing so.
Guardian reader, then?
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Old 12-02-2008, 05:26 PM   #14
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I find this kind of sarcasm strange coming from a very vocal Christian, I would think unity would be something to strive for...
"Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
Revelation 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. "
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Old 12-02-2008, 05:33 PM   #15
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Guardian reader, then?
..and the Observer, on a Sunday
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