Time for the UK to join the EURO?

[Irish]

Is the ability to manipulate the pound a disaster for a soon to be friendless currency?

Devalution seems to be solving nothing but will cause its own problems (inflation etc.) Not to mention the business uncertainty.

The Euro project has popular support accross the EU and, if anyting, is getting stronger (don't believe all you read in the Telegraph).

Will all the bankers paid in pounds soon demand $ or €?

Open the floor to Tonker et al.

[Can someone edit the title - "to" join!]

Edited by Irish on Wednesday 10th March 15:27

[Puggit]

[Dr Moose]

We should leave Europe completely.

[sleep envy]

blimey mate, are you feeling suicidal this afternoon or are you just bored?

[Bing o]

Irish said:

Will all the bankers paid in pounds soon demand $ or €?

Some of us are happy to work for SGD or HKD....

[Jonny671]

Dr Moose said:

We should leave Europe completely.

Agreed.

[Digga]

Jonny671 said:

Dr Moose said:

We should leave Europe completely.

Agreed.

It's difficult to see any tangible benefit to our involvement thus far.

[Mclovin]

and the award for the stupidest thread of all time goes to....

[elster]

Digga said:

Jonny671 said:

Dr Moose said:

We should leave Europe completely.

Agreed.

It's difficult to see any tangible benefit to our involvement thus far.

I'll concur with that one.

I definitely can't see any benefit to joining the Euro.

Edited by elster on Wednesday 10th March 15:56

[CHIEF]

Dr Moose said:

We should leave Europe completely.

Definetely.

[Incredible Sulk]

anonymous said:

[redacted]

To be fair, given the current economic state of the UK, we wouldn't qualify for membership. I can't see the deficit getting back down to 3% of GDP for a long time..........

[Digga]

Irish said:

The Euro project has popular support accross the EU and, if anyting, is getting stronger (don't believe all you read in the Telegraph).

I was in Austria last month and Germany last week and I can assure you that in both those places, the consensus is far from pro-Euro now. Might once have been but not now and I cannot say I blame them. You work hard, you keep your own house in order and whoops!, someone else comes and takes a great big financial dump on your doorstep - that's the trouble with the Euro. Germany's responsible econmoic policy is in the minority and there is more than just Greece that might require sacrifices of German funds to sort out.

[Durruti]

Incredible Sulk said:

anonymous said:

[redacted]

To be fair, given the current economic state of the UK, we wouldn't qualify for membership. I can't see the deficit getting back down to 3% of GDP for a long time..........

Be fair, that's never been an issue anyway - just ring your friendly bankster and arrange for some off balance sheet vehicles to fudge the numbers - it worked for Greece.

And by the way, if you think Greece has problems, wait until people start digging into Italy.

Europe? - "I'm oot"

[Irish]

Mclovin said:

and the award for the stupidest thread of all time goes to....

Let’s come back to this in 6 months when Ed Balls is in front of No. 11 explaining why the IMF are providing “consulting services” to the UK assisting to unravel the off balance sheet PPP.

[s2art]

Irish said:

Mclovin said:

and the award for the stupidest thread of all time goes to....

Let’s come back to this in 6 months when Ed Balls is in front of No. 11 explaining why the IMF are providing “consulting services” to the UK assisting to unravel the off balance sheet PPP.

But that has bugger all to do with joining the Euro.

[anonymous-user]

Incredible Sulk said:

anonymous said:

[redacted]

To be fair, given the current economic state of the UK, we wouldn't qualify for membership. I can't see the deficit getting back down to 3% of GDP for a long time..........

quite. euro entry rules are 3%/gdp budget deficit and 60%/gdp national debt. UK currently 12.8% and 158%

[Bluebarge]

Dr Moose said:

We should leave Europe completely.

I think you'll find that's geographically, culturally and economically impossible.

Plus the latest Falklands/Malvinas/Clinton rumblings show that, if they ever gave a sh*t about us, the Yanks don't now. So, which political bloc would we then align with to avoid being sat on?

[fadeaway]

fbrs said:

Incredible Sulk said:

anonymous said:

[redacted]

To be fair, given the current economic state of the UK, we wouldn't qualify for membership. I can't see the deficit getting back down to 3% of GDP for a long time..........

quite. euro entry rules are 3%/gdp budget deficit and 60%/gdp national debt. UK currently 12.8% and 158%

Plus if you do join up, you really want to do it from a position of strength, not weakness. Otherwise everyone in the country instantly becomes a whole lot poorer!!!

[elster]

Bluebarge said:

Dr Moose said:

We should leave Europe completely.

I think you'll find that's geographically, culturally and economically impossible.

Plus the latest Falklands/Malvinas/Clinton rumblings show that, if they ever gave a sh*t about us, the Yanks don't now. So, which political bloc would we then align with to avoid being sat on?

Just us, lots of other countries manage it.

Switzerland and Norway in Europe get by just fine.

If we want allegiances we have NATO and the commonwealth. What more do we really need?

[s2art]

Bluebarge said:

Dr Moose said:

We should leave Europe completely.

I think you'll find that's geographically, culturally and economically impossible.

Plus the latest Falklands/Malvinas/Clinton rumblings show that, if they ever gave a sh*t about us, the Yanks don't now. So, which political bloc would we then align with to avoid being sat on?

We dont need to be in the EU to have defence agreements, NATO for instance.