Page 1 of 2

Why Britain should join the Euro

Posted: Sat Apr 18, 2009 7:21 pm
by Dirk
Over the past week, the Great British Pound (GBP) rose against the Euro by almost four pence after a long period of falling against it. Now, while there is still a small difference in the exchange rate to make a more seamless transition, is the best time to join - after all, we all know what happened when Italy changed to the Euro!

Joining the Euro would be a pragmatic move for the British Government. Clearly, the British Government is incapable of managing their own economy. To join the Euro would mean placing the economy in the Eurozone collective of the DAX, based on the German banking system. This system is the most stable in the world, as has been seen recently as the Euro has stayed strong despite the challenges of the recession.

The Euro is kept at a lower-value constant than the Pound usually is. This means that exports to non-EU countries are greatly enhanced. The drop in the value of the pound has proved this. The same thing is seen in China, where the value of the Yuan is kept purposefully low for this reason. But now may come a rising in value of the pound, which would decrease exports. However, exports are, perhaps, the only salvation of the economy.

RE: Why Britain should join the Euro

Posted: Sat Apr 18, 2009 8:44 pm
by DodgeFB
[quote=Dirk]
Over the past week, the Great British Pound (GBP) rose against the Euro by almost four pence after a long period of falling against it. Now, while there is still a small difference in the exchange rate to make a more seamless transition, is the best time to join - after all, we all know what happened when Italy changed to the Euro!

Joining the Euro would be a pragmatic move for the British Government. Clearly, the British Government is incapable of managing their own economy. To join the Euro would mean placing the economy in the Eurozone collective of the DAX, based on the German banking system. This system is the most stable in the world, as has been seen recently as the Euro has stayed strong despite the challenges of the recession.

The Euro is kept at a lower-value constant than the Pound usually is. This means that exports to non-EU countries are greatly enhanced. The drop in the value of the pound has proved this. The same thing is seen in China, where the value of the Yuan is kept purposefully low for this reason. But now may come a rising in value of the pound, which would decrease exports. However, exports are, perhaps, the only salvation of the economy.
[/quote]
How many pence in $100.00 US?

RE: Why Britain should join the Euro

Posted: Mon Apr 20, 2009 9:22 am
by Dirk
[quote=DodgeFB]
How many pence in $100.00 US?
[/quote]

1.00 USD = 0.68386 GBP

For 100 Dollars, 68.386 Pounds.

1 Pence = 1/100 of a Pound

An so, 6838.6 Pence in a Dollar.

(Pence is a British version of a cent or euro-cent. 0.01% of standard unit.)

RE: Why Britain should join the Euro

Posted: Mon Apr 20, 2009 4:57 pm
by DodgeFB
[quote=Dirk]
[quote=DodgeFB]
How many pence in $100.00 US?
[/quote]

1.00 USD = 0.68386 GBP

For 100 Dollars, 68.386 Pounds.

1 Pence = 1/100 of a Pound

An so, 6838.6 Pence in a Dollar.

(Pence is a British version of a cent or euro-cent. 0.01% of standard unit.)
[/quote]
Thanks. Now if I find myself in the neighborhood I willed not get ripped off. :biggrin:

RE: Why Britain should join the Euro

Posted: Tue Apr 21, 2009 11:15 am
by Dirk
[quote=DodgeFB]
Thanks. Now if I find myself in the neighborhood I willed not get ripped off. :biggrin:
[/quote]

*laughs* Problem is, it changes with every minor fluctuation in the market. It changes day by day.

RE: Why Britain should join the Euro

Posted: Tue Apr 21, 2009 6:45 pm
by DodgeFB
[quote=Dirk]
[quote=DodgeFB]
Thanks. Now if I find myself in the neighborhood I willed not get ripped off. :biggrin:
[/quote]

*laughs* Problem is, it changes with every minor fluctuation in the market. It changes day by day.
[/quote]

If I am going over that way I will need to pin a few extra bills in my underwear. :biggrin:

RE: Why Britain should join the Euro

Posted: Sat May 16, 2009 7:32 pm
by mongoman
Dirk, pretty much no one in the UK wants to change to the Euro.

We like our history.

RE: Why Britain should join the Euro

Posted: Mon May 18, 2009 9:57 am
by Dirk
[quote=mongoman]
Dirk, pretty much no one in the UK wants to change to the Euro.

We like our history.
[/quote]

I feel bad bursting your bubble. Just under 50% want to join the Euro. At the moment, i'm generally neutral. I'm saying that now would be one of the best times to join the euro. But Britain should wait until the majority support, definitely.

I'm secretly hoping that British people have many more good reasons than nationalism.

RE: Why Britain should join the Euro

Posted: Mon May 18, 2009 4:16 pm
by mongoman
British people don't like change as a general rule.

It's like... if Wimbledon's grass courts were torn up and replaced with clay, there would be a public outcry.

I just don't think that enough people actually want the Euro.

RE: Why Britain should join the Euro

Posted: Wed May 20, 2009 1:19 pm
by Dirk
[quote=mongoman]
British people don't like change as a general rule.

It's like... if Wimbledon's grass courts were torn up and replaced with clay, there would be a public outcry.

I just don't think that enough people actually want the Euro.
[/quote]

Oh, don't get me wrong - i agree: the British are extraordinarily counter-progressive. Though not as much as Americans.

I was giving reasons why it SHOULD join the euro, not why it will. Excuse the misunderstanding.