2006-09-08 02:14:29 · 7 answers · asked by BIG easy 1 in Business & Finance ➔ Investing
No, we should never have a one-world government either!
2006-09-08 02:27:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I remember thinking that it was a huge mistake not to change to the Euro. When the rest of the EU adopted the Euro, the UK had the most vibrant stock market in Europe and was the leader in telecommunications.
The UK edge in the stock market has to do with the fact that countries whose laws are based on British Common Laws are friendlier to shareholders -- so those countries (USA< UK, Canada, Australia, Hong Kong pre 1997) have much more vibrant stock markets.
I felt that by keeping the Pound, other european countries would strengthen their markets. Sure enough, "New Markets" using UK type accounting rules have popped up in several European countries (e.g., the Nouveau Marche in France). I believe that the UK will lose its edge in the near future.
The change in currency will also make it slightly harder to do trade with other EU countries. If faced with a choice of dealing with a UK company or an Irish company, why wouldn't a German company choose the Irish one to avoid currency risk?
There are different views. The change happened when I was finishing up my PhD in Berkeley. I happened to mention my views to Janet Yellen who had just the opposite opinion. Since then she has gone on to become the head of the Federal Reserve Bank of SF -- so I am not as quick to discount her views as she was mine.
2006-09-08 03:55:38 · answer #2 · answered by Ranto 7 · 0⤊ 0⤋
No
Just look how Europe is doing with its low growth rate and deficits, Uk is in a much better condition
The main reason why they should switch is that it will make them join the European central bank, meaning decisions on intrest policy and deficits that are made in Brussels will have to be adopted in the UK.
This bank is one of Europe's biggest problem, the fact is that no country can decide an independent strategy in order to confront with its own problems, the situation is absurd, countries with low growth and high growth must have the same interest rates because they share the same currency.
So no, Engalnd has made a fine decision by not joining!
2006-09-08 03:34:29 · answer #3 · answered by elid1979 2 · 0⤊ 0⤋
I don't think so. I like how England is keeping to themselves. How can you put the Queen on the Euro? That's why they are keeping the Pounds Sterling.
2006-09-08 02:36:11 · answer #4 · answered by swt_icebat 2 · 0⤊ 0⤋
NO...absolutely not...we are doing fine as we are and we certainly don't need anymore ties to the ridiculous EEC...why hand over control over our finances to someone else...once that happens we have no control over interest rates or anything else to do with our money...
2006-09-08 02:23:23 · answer #5 · answered by sarch_uk 7 · 0⤊ 0⤋
yes to beat up the impirealism(dollar) and imput socialism
2006-09-08 05:03:57 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No.
2006-09-08 03:52:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋