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assess the arguements for and

Assess the arguments for and against a single European currency

Britain has always been the troublesome partner in the relation with the rest of Europe, whether it is because of the indecisiveness shown in the leaders involved with the Union such as the refusal to enter in the initial stages or because of Margaret Thatcher's reluctance to co-operate if decisions were not in Britain's best interest.

In 1969 Britain finally became a member of the European Economic Community after being vetoed twice by the French leader De Gaulle, as he was unsure of Britain's commitment to the Union. This and the difficulties caused by leaders such as Margaret Thatcher for the rest of the E.E.C. suggests that there may be still some animosity between the leadership especially if Britain keeps on postponing any decisions about the Euro.

Traditionally a nation of Euro sceptics, much of Britain is opposed to joining the single currency and is backed by a reactive Conservative leader and some sections of the party. The recent European election showed clearly the Conservative Party's opposition to Britain becoming too involved with Europe. The hype that the Conservative Leader has set around his campaign in these elections would have stirred pu


McCauley, Robert. N, The Euro and the Dollar

On the other hand if Britain does not join soon then they could suffer from higher interest rates in the future, as the other countries in the Union will align their interest rates with each other, making it more difficult for other countries to make the required specifications to join. Also other members of the single currency would change their tender a long time before Britain would join.

Maria Dimitropoulo - Hassiotis, A guide to the European Union ( 1999 Porphyogenitas ltd, Surrey, UK.)



Some common words found in the essay are:
Tony Blair, Euro British, European Union, Union Britain, Labour Party's, Yen Britain, Euro Britain, , William Hague, European Social, single currency, joining euro, public opinion, britain join, european election, public's wishes, british public, tony blair, required specifications, european union,
Approximate Word count = 1385
Approximate Pages = 6 (250 words per page double spaced)


  

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