The Euro
The question of whether Britain should gravitate toward adopting the euro is indeed an enormous one. It is enormous in that it covers many levels of importance, and its effects can be measured differently according to whom you ask. To some it is a matter of relative insignificance (like the savings in currency exchange when you go on vacation), and to others it is paramount (as in who will be running the country's economy?). I firmly believe that Britain should not adopt the euro although they have joined the EU because doing so renders them powerless in the control of their economic future.
No matter how you look at it or what level of importance you attach to it, the fact remains that Britain is going to have to make a decision about the eventual adoption of the euro. Being a member of the EU, it is imperative that Britain either falls in step and works toward stabilizing the strength of the euro, or makes a permanent commitment to the pound. This would be best for all involved. It would allow the people to make financial decisions that will affect the rest of their lives, or in the case of the alternative, allow them to absorb the changes the new currency will present. Whatever they decide will forever change the face of Britain. Will it be a face that they can live with? Should Britain even bother to change their face? In order to reasonably understand the current euro situation, it is Important that we first realize its origins.
The elected governments of Member States together created and developed the euro, a name that was developed in Madrid and adopted by the European Council in December 1995. Established on June 1, 1999, the European Central Bank (ECB) based in Frank ...