The Euro

We are Euro peein --------££££££-------- Next years election is just around the corner and I'm lobbying for Labour theme tune should be Tina Turners 'We don't need another zero' - after the dreadful state of the UK's GDP, we are very close to the Trillion mark so by next year our debt would elapse that. - So spending 40 million a day on being in the European Market, for being a part-time friend of the EU, doesn't actually make sense. Now the law-makers stroke money-men are just pretending that its not actually their problem, so they give out 9.3 Million incentives to Simon Hester the new CEO of taxpayer owned RBS. Still not making sense! No exactly, when one ...  Read the complete review

Britain contributes £40 million pounds a day to the European Union. Forty million pounds a DAY!!! For that we the British taxpayers get little back in subsidy and the EU lawyers and politicians fill their boots with it. Recently we were losing that much an hour as the pound collapsed against other foreign currencies. When sterling was getting hammered and the Euro and dollar were high it was noticeable it was just after the oil price hit that six year $37 dollar low. All oil trades are purchased in dollars and so as oil recovered so did the dollar, the speculators moving against the pound. Pegging oil to the dollar means the dollar can also be speculated on. ...  Read the complete review

As my own personal view, I'm sceptical of joining the Euro, but believe that it should not necessarily be ruled out. Although of course things in financial markets change all the time, at the moment the pound has fallen sharply against the Euro, and the dollar, which causes great instability for some businesses. For businesses that have to buy in materials from overseas, the costs of importing items go up when the value of the pound goes down, which makes it more expensive to produce items. Although the reverse is true, and our exports become cheaper for overseas buyers, it's the more the lack of certainty that threatens businesses and could put them out of ...  Read the complete review

This debate has been going for years now but it still isn't an easy question to answer for a whole raft of reasons. There are economic issues, political issues, and 'national pride' issues to take into consideration. For that reason I am going to keep this quite short (I hope lol!) and try to keep it as simple as possible, without losing the thrust of my arguments. Here goes. Shall we join? Let's have a referendum, let the people decide!! Isn't democracy grand? Without wishing to generalise too much, the majority of the great British public aren't and won't be, made fully aware of the implications of voting to join the Euro. If the government of the day ...  Read the complete review

The point of the Euro is to make currency in Europe simpler by having one currency. This sounds like a good plan in theory because of the removed hassle of exchanging currency and the rates of exchange and so on. If you were travelling all over Europe, you'd have to exchange very often, and you could lose money from exchanging. Most states in the European Union though have switched over to the Euro and has made things easier for a lot of people. France, Spain, Germany, Portugal, The Netherlands amongst other countries are using the Euro as the main currency. Britain however has not made the switch over to the Euro. The debate about the Euro is that ...  Read the complete review