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Debate House Prices


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Is it time to join the euro?

ninky_2
ninky_2 Posts: 5,872 Forumite
in Debate House Prices & the Economy
With the pound in such a weak position, would now be a better or worse time to join the euro?
Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
«13456

Comments

  • stevetodd
    stevetodd Posts: 1,016 Forumite
    ninky wrote: »
    With the pound in such a weak position, would now be a better or worse time to join the euro?

    TBH I do not know what all the pro's and con's are of being 'in the Euro' but I assume if it ever became a strong possibility there would be a series of documentaries on the subject
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    No time would be a good one to give up monetary independence in favour of the abomination that is the Euro. Without a political union to back it, it's an orphan currency that is crippling the weaker nations by robbing them of the monetary tools they need to recover.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The UK would not be able to set it's own interest rates, so NO.

    However, as it's pretty much 1 euro = 1 pound there may not be a better time.
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    Dan: wrote: »
    The UK would not be able to set it's own interest rates, so NO.

    However, as it's pretty much 1 euro = 1 pound there may not be a better time.

    Well I would find that a worrying prospect, handing over interest rate decisions to the CEB
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    We should not join the Euro. Indeed, we should withdraw from the profoundly undemocratic EU super-state, into which we pay £££ billions and in return get a load of EE migrants and 'seekers'/criminals passed on to us by France et al.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    The best time to join would have been when the £ was high not low.

    Personally I see it as too inflexible, finding a medium is throttling country's at both ends of the scale.
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    amcluesent wrote: »
    We should not join the Euro. Indeed, we should withdraw from the profoundly undemocratic EU super-state, into which we pay £££ billions and in return get a load of EE migrants and 'seekers'/criminals passed on to us by France et al.

    So why have other countries like France and Germany considered it a good idea? How have their economies performed as a result?

    I don't have an opinion either way. I'd just like to know more about the arguments. And also wonder if given that we are in the EU we should go the whole way with the currency.

    Regarding the lack of democracy, is that not something that could be improved if we were more involved?
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    Really2 wrote: »
    The best time to join would have been when the £ was high not low.

    Why? Please explain for simple folk...
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Dan: wrote: »
    However, as it's pretty much 1 euro = 1 pound there may not be a better time.

    That's just a coincidence.

    The Euro won't last five years IMO. Not with all its current members.
  • stevetodd
    stevetodd Posts: 1,016 Forumite
    Generali wrote: »
    That's just a coincidence.

    The Euro won't last five years IMO. Not with all its current members.

    What do you see happening? (and why)
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