While it is good I am sure for France, Germany etc. and the rest of continental Europe, it's not neccessarily a good thing for Great Britain.
Britain's economic system is different from Europe's and more akin to the United States - perhaps a happy medium in between the two kinds of system. Either way, to join the Euro, Britain would have to significantly adjust just about everything about its Economic system... in some way or other.
The British also see it as a loss of Sovereignty. Something, I am afraid, I think I agree with. There is no question of smaller nations such as Canada and Australia joining such a scheme, so their argument is why should they?
Also, Britain has a lot to lose in its Commonwealth (what's left of it) if they join the Euro as they distance themselves yet further from South Africa, Australia, NZ, Canada, Kenya and other commonwealth countries (if there are any more any more...).
Also, Britain has slightly lower taxes in most *I stress most* areas and thus might not fit too well. I agree that I am coming from an anti-Europe point of view, but all I wish is for the UK (but no longer 'United' thanks to Blair's devolution, with Scotland having a parliament of its own and Wales having its own 'assembly') to join NAFTA. But I realize that it's not going to happen and so perhaps you should remember the phrase: IN EUROPE NOT RUN BY EUROPE.
Did I mention that I'm a capitalist?
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