The Uk and the Euro

Introduction The key economic debate that lead dominate the governmental agenda over the next few years will be whether or not the UK adopts the European single currency. This invoice will look at the list and explanations of the advantages and disadvantages of the UK sum of moneying the European single currency; the euro. The euro is the currency of twelve member states of the European Union. Namely;- Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. On January 1st 2002, these countries introduced euro notes and coins, which replaced the former national notes forms such as the French franc and the German mark. The euro is now the entirely legal currency in these countries. There were also 10 new countries joined the EU in 2004, which will be encouraged to adopt the European currency. The UK government policy is to join the euro if parliament, the government and the people, in referendum, all agreed to the changeover. These plans have been in the making since 1997. The single currency is not principally think to economics, although the economic consequences will be felt by UK businesses whether we be part of it or not. If the UK were to join the euro, there would be a changeover percentage point.

This timetable shows the period as being, in total, approximately 36 months or 3 years. The first step to be interpreted would be the decision to join. The decision to join would then call up there would be a referendum called. To call this would take rough four months. At the referendum, the British people would vote for or against becoming part of the European currency. If the public wanted to hound the decision it would take a minimum of 30 months in the lead E-day. In this two and a half year period the UK exchange rate between pound sterling and the euro would be fixed although few changes would be made to everyday transitions at this stage. Nearing E-day banks would start offering the euro services to customers.... If you want to get a full essay, order it on our website: Orderessay

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