Ha the Euro. Despite all the arguments in Britain about the Euro. Not one country who has joined the Euro wants to go back.
But I find it mildly hilarious when Blair or Brown or whoever mumbles on about the 'five economic tests' Why five,why not six or four? It's a snowjob. They are waiting until public opinion swings towards the Euro.
That's because most arguments against Britain joining the Euro are more emotional than sensible, like Swoop's comments.
I'd vote no. For various reasons. 1) Sterling is a great name for a currency don't ya think? 2) It's our bloody currency and we wanna keep it. 3) Who gives a toss about the convenience of a single currency, we've been using exchanges for years without a problem anyway. 4) If we'd have lost in 1940 we'd have a single currency, it may even have been named the Euro. Or maybe the ReichEuro.
It rates alongside warm beer, the English banger. 'It's British and we're proud of it' with a tear in their eye. The loss of soverignty argument, it's tedious. The French, as the Yanks noticed haven't stopped being French nor have the Germans gained a sense of humour since joining the Euro. It's just money, guys, money. I personally don't care what colour the money is as long as I have lots of it.
Despite all the fuss over the issue not one country in Euroland seems to have suffered because of it. Only Britain it seems would lose it's identity becoming a Euro statelet, ruled from Strasbourg, the Queen exiled and be forced to drive on the right.
There won't be a referendum until public opinion favours the Euro. Anti Euros want a referendum because they know they'll win this time and that sets back the any chance of joining for many years. Another reason for the lack of a referendum is the fact that they are rare in British politics. Maybe it's to do with the lack of a written constitution, woudn't you say?
But like it or not Britain will join the Euro eventually. Probably just after it's realised that the economy has been damaged by staying out. I would even venture to suggest that it will be a Tory government who makes the decision. There are bigger issues at work here than mere holiday exchange rates and misty eyed sentimentality. No country truly controls it's own economy these days. The markets decide. Even the USA cannot change that. This is all about big business. When big business decides they want in. Britain will join.
That's the reality.