What are some pros and cons of the UK adopting the Euro?

Question

What are some pros and cons of the UK adopting the Euro?

British people: Do you support or oppose the UK adopting the Euro/being in the EU?

Answer 1

Pros:



-A weaker currency would make out products slightly cheaper for other countries making us more competitive.



Cons:



-Loss of sovereignty over monetary policy.

-Loss of economic controls.

-Risk of cross country debt contamination.

-Likely to lead to a loss of fiscal sovereignty.

-Likely to force the UK into a closer knit political union with a loss of domestic sovereignty.

-Loss of national identity associated with ones own currency.



Don't want to be in the Euro and I don't want to be in the EU unless it is only a free trade and customs block.

Answer 2

All cons......... so no I wouldn't support adopting the Euro



Controlled/managed by Germany

A weak currency

Prices rise on adopting the Euro

Answer 3

I've owned a couple of of these exclusive animals and i really like the breed. Mine were used as working dogs to defend our goats and so they did good of their work. Thing is should you reside within the nation, they're going to commonly exit and discover a farm with goats, sheep or cattle and take over the job of guarding them. I received a satisfactory pyrennes pups t 5 weeks ancient in view that her mother had been killed by a car. This canine no longer simplest started guarding our herd of goats, however went back and forth between our farm and those subsequent door so she would shield theirs too and she did that from the first day we acquired her. I under no circumstances saw a pyrennes with higher instincts than she had. If that is an adult canine you're adopting and he or she has been a working canine, she will in no way be pleased just being a pet. If she has at all times been a pet, she will have to do pleasant. She will guard your household the way she would protect a herd of goats. They do shed a ton, more commonly within the spring once they shed theier winter coat.

Answer 4

Being in the EU, I support

Adopting the Euro, defiantly not, it's a mess and only still going as its being propped up by Germany

Answer 5

I support the EU but the UK like Denmark and Sweden, of the more established EU nations, is BEST to stay well away from the doomed EURO.....

Answer 6

The pros I leave It to each person judgement , depending on how you see the EURO zone current developments , the cons mostly is the disappearance of one of the last source of British pride ,their beloved Pound Sterling , and also becoming one more country in Europe instead of the "exeption" country in Europe.

Answer 7

The only advantage that I know of is that you don't have to change currency when travelling through Europe. The disadvantages have been well reported. I am glad we don't have the Euro.

Answer 8

Who in their right minds would want that "millstone " round their necks ? Even the countries who advocate it being a good currency are struggling big time ,Nah,bin it for me .

Answer 9

Why would anyone wish to go down that road? It's been a disaster.