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Arguments for and against Britainjoining the Euro.
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| Submitted: Mon Dec 15 2003
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Arguments for and against Britain joining the Euro The Euro came into circulation in 1999 when 11 member countries began to put it into practice and by 2002 12 EU member countries adopted the single currency. If Britain joins the Euro, it will be sooner rather than later. The government has offered the British public a referendum on Britain's entry into it though some ministers have clouded the issue as to whether Britain's entry (or not) will be a political or an economic decision. Jack Straw, Home Secretary, has stated that a decision will almost certainly be a political one whereas the Chancellor, Gordon Brown, has stated that the 'Five Tests' will determine whether we join the Euro - i.e., any decision will be an economic one. However, there are arguments supporting both sides to Britain joining the single currency and whether we go in at all will have to be decided...
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