Why Britain did not join the European Monetary Union?

Question

Why Britain did not join the European Monetary Union? How likely do you think it si that Britain will join?

Answer 1

The Five Tests to assess whether Britain will join the Euro or not were imposed by Gordon Brown. They are:
Can Britain’s economy run in synch with the Eurozone long term?
Will joining the Euro affect our flexible labour market?
Will it make unemployment worse?
Will it affect our world beating financial services industry?
Will it stop foreign firms investing in Britain?
I believe the fourth point is most important. London's role in international finance is expanding, particularly concerning corporate stocks and bonds. The EMU has enough to digest without seriously courting the U.K.

Answer 2

The present EMU is pretty much based upon the German economy, yet it suffers the instability of other EU members such as France and Italy.
The benifits of joining the EU are far less than the risks it will run if it did.
I sure hope the Britian does not join the EMU.

Answer 3

i'm now no longer in opposition to ecu integration - i'm in opposition to undemocratic, draconian measures that attempt to enforce a extreme, quasi-fascist union of international places, resembling the Soviet Union. 70% of legislations affecting the British adult adult males and ladies folk are formed in Europe; The Lisbon Treaty will turn the european exact right into a legally known state, with out the consent of the voters; unaccountable institutions such as a results of fact the european courtroom of Justice could desire to with out venture replace right into an impressive courtroom, imposing and prohibiting legislations as they please; countries could have their legislations created upon the settlement of 'substantial persons' of the european; valued workers rights resembling collective bargaining and the right to strike are being attacked by utilising way of the european courtroom of Justice; and, worst of all - we ought to consistently no longer have a say in any of it! In speedy, specific - it's time to get out on the comparable time we can be waiting to.

Answer 4

The pound is stronger then the euro, right now I think it's at the rate of $2.00Lb to $1.25euro then there's the weak dollar.

Answer 5

The Socialist Myth of the Greedy Banker

http://iakal.wordpress.com/2014/02/24/the-socialist-myth-of-the-greedy-banker-the-gold-standard/

The Socialist Myth of Economic Monopoly

http://iakal.wordpress.com/2014/03/12/the-socialist-myth-of-economic-monopoly/