Is the Euro merely an economic matter?

Answer 1

The euro is a vital political matter. There are no examples of a large country having a single currency that was not also a single state. It is generally agreed by the twelve countries in the Euro that there must be strong coordination of budgets, under the 'Stability Pact', even if this has been relaxed somewhat in 2002 conditions of recession. Then there are proposals actively being made by the Commission and some governments for common tax rates and common social burdens on employers, so as to prevent a competitive country like Britain undercutting others. These proposals are major steps on the road to a super-state, via heavy-handed intervention in member countries' affairs under the excuse of 'making the single currency work'. Some politicians supporting the Single Currency have made no secret of their aim to use it as a political stepping-stone to Political Union. They have brushed aside economic objections to the idea as irrelevant to this political aim - indeed they have welcomed these difficulties as necessitating more integration.

All these plans are backed up by great centralising powers held by the EU - the European Court now overrides our courts and even our Parliament, Brussels directives passed by majority voting have to become British Law, and because of the expansion of the EU to take in more countries, majority voting is intended to extend to more and more areas in order to stop decision-making being 'too unwieldy'. All this power could be used within the Single Currency to set our tax rates, our public spending priorities and our ways of doing business..

Answer 2

Well, it's also the Association of European Operational Research Societies.

Answer 3

Yes it is.It is a currency in competition with dollars and pounds and decide the business transactions across the world.