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Is the U.K. ever going to use the Euro instead of the traditional Sterling?
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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PART TWO DETAILED EXPLANATION OF CHANGEOVER PROCESS THE ENTAILED IMPLICATIONS Is the U.K. ever going to use the Euro instead of the traditional Sterling? Is the " Old Queen of the Seas" going to give up the strongest currency in the world time memorial? Is the government considering all the possible outcomes and taking the necessary precautions for the Euro preparations? Is the public awareness at the level of understanding the process of transition and what changes will occur? The government current draft on the Euro compatibility describes the following steps for the feasible changeover: Government Referendum Join (T-Day) Euro-Cash End-withdrawal Decision (€-Cash) of sterling 4 months 24-30 months 6 months The government will take the decision after a careful planning to recommend membership of the single currency. After 4 months, a referendum will be held to vote "pro" or "against" this decision. If a "yes" vote results in...
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