Afraid of Europhobia (The Euro)

Member Name: JGimpFood

Product:	The Euro
Date:	25/08/00 (9 review reads)
Rating:

Advantages: No exchange rate vulnerabilities

Disadvantages: Weakened representation and economy

I find the confusion, misunderstanding and spin surrounding the issue of Britain's membership of the EMU amazing.

It's one of those issues where sanity is an optional extra... An example: those who oppose the Euro are frequently decried as Europhobic, racist or xenophobic. Why? To object to a fiscal policy, or to to object that a particular a group of politicians represent insufficiently well is not xenophobic, even if that policy is currently subscribed to by "foreign" countries, or the place of work of those politicians is abroad.

Those in favour would also play down the political consequences of making membership of the Euro work financially. To control an increasing number of economically and geographically disparate economies can mean only one thing: the ceding of power to a centralised control. Ask yourself "for why?". For the good of the system, for the overall, averaged out good of the entire membership, but most of all for those Eurocrats who have staked their futures on the Euro. Those who oppose British membership have also been notably silent on this point: Britain will suffer for the sake of other member countries, and when her citizens complain to their elected leaders, where will they be? In Brussels, oblivious.

The ability of the EU to positively influence British life has not been demonstrated thus far. Are we to trust them with far more power, to our own detriment, for a flawed political ideal?

Summary: