S&P changes UK outlook to "Negative" on EU referendum fears...

purch

It is impossible for the EUR "project" to continue without much closer political union between those states who are members.

This will only happen with massive alterations to existing Treaties and new negotiations.

Those EU members who are not part of the EUR will then have their chance to alter the terms of their membership.

Closer political ties within the EU will happen, there is no other option for the EUR to continue to function. The UK does not have to, and will not be involved in this, but we will be able to have a huge influence of it if we stay within the EU itself.

kabayiri

HAMISH_MCTAVISH wrote: »

Nationalists believe in their vision of Nationalism so fervently that they are willing to suffer a significant amount of painful consequences in order to achieve the goal.
...

Aren't there believers in the Euro concept in places like Greece going through painful consequences right now?

The European project is as much a belief system as the idea of national identity in England, Scotland, Holland, Greece et al.

Why should we expect change to be pain free?

Masomnia

purch wrote: »

It is impossible for the EUR "project" to continue without much closer political union between those states who are members.

This will only happen with massive alterations to existing Treaties and new negotiations.

Those EU members who are not part of the EUR will then have their chance to alter the terms of their membership.

Closer political ties within the EU will happen, there is no other option for the EUR to continue to function. The UK does not have to, and will not be involved in this, but we will be able to have a huge influence of it if we stay within the EU itself.

A yes vote will speed up the UK's entry into the euro area, I have no doubt about that; just need another Blair type and a bit of financial turbulence and we'll be well on the way.

MARTYM8`

Masomnia wrote: »

A yes vote will speed up the UK's entry into the euro area, I have no doubt about that; just need another Blair type and a bit of financial turbulence and we'll be well on the way.

Except no credible major party or political figure supports joining the Euro - even the LDs don't any more. The UK public would also have to endorse it in another referendum. We would also lose control of our interest rate setting and our ability to control inflation and our ability to print our own money.

Personally there is more chance of the Euro imploding than the UK joining it - although neither is particularly likely.