Title: What are the arguments for and against joining the Euro - History Learning Site
Headings: What are the arguments for and against joining the Euro
What are the arguments for and against joining the Euro
These are some of the arguments put forward for Britain joining the Euro
These are some of the arguments put forward against Britain joining the Euro

Content: The UK has been a major recipient of foreign direct investment in recent years. Some commentators believe that this would be threatened by non-participation in the currency union. A single currency will be an important complement to the Single European Market, which would make the European Union a more powerful player in the global economy, and the UK might benefit from full-scale participation in this. One country can no longer devalue its currency against another member country in a bid to increase the competitiveness of its exporters. A European currency will strengthen European identity. Federal Europe is not necessarily going to be a consequence of a shared single currency. The new Euro will be among the strongest currencies in the world, along with the US Dollar and the Japanese Yen. It will soon become the second most important reserve currency after the US Dollar. Britain stands to lose political as well as economic influence in shaping future European economic integration if it remains outside a new system. These are some of the arguments put forward against Britain joining the Euro
Currency unions have collapsed in the past.