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Post by Ariel Manto on Sept 20, 2024 8:06:36 GMT
A genuine question to those who wish to rejoin the EU. Would you be happy to adopt the Euro as the UK currency as a condition of acceptance? Depends upon whether the EU make it part of the negotiations. If the EU was adamant that we had to take the Euro upon joining, then we (the British) would say it would depend upon how well the currency was doing at the time. As Sterling is always generally stronger than the Euro chances are we wouldn't accept that - in which case the negotiations become a bit more protracted. So it's a bit more nuanced than you are implying. Any re-joining of the EU would start with areas of common interest and interaction (what we in our game call neo-functionalism; growing economic interdependence between nations organisational capacity to resolve disputes and build international legal regimes; and supranational market rules that replace national regulatory regimes). From that you get the idea of spillover whereby integration between states in one economic sector almost always creates almost impossibly strong incentives for integration in other sectors. As I said, if Sterling is stronger than the Euro then it takes the economic incentive for currency integration away for the UK so in that context it's not perceivable the UK would make joining the Euro a make-or-break condition of re-joining. So, the question is whether the EU would and, if it did, the UK's response would depend upon the specific economic conditions at the time. If Sterling had tanked by then, then joining the Euro would be a no brainer, and vis-a-vis the Euro. Saying "yes" or "no" to the Euro now irrespective of economic conditions is ridiculous.
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Post by numpty40 on Sept 20, 2024 8:15:06 GMT
A genuine question to those who wish to rejoin the EU. Would you be happy to adopt the Euro as the UK currency as a condition of acceptance? Potentially. I don’t know enough about the impact. Would I take the very favourable terms we gave up when we left - absolutely. I think it's important to realise that for the UK to be accepted back into the EU there will be different conditions attached to the membership compared to original conditions. The EU will be aware of the incessant clamour to rejoin and any previous concessions will go, we'll have to adopt the Euro, contributions will inevitably be higher and the rest of the bloc will I'm sure want to impose various further conditions. I know there is a constant whining regarding Brexit, but does the country really need another divisive campaign?
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Post by oggyoggy on Sept 20, 2024 8:27:10 GMT
Potentially. I don’t know enough about the impact. Would I take the very favourable terms we gave up when we left - absolutely. I think it's important to realise that for the UK to be accepted back into the EU there will be different conditions attached to the membership compared to original conditions. The EU will be aware of the incessant clamour to rejoin and any previous concessions will go, we'll have to adopt the Euro, contributions will inevitably be higher and the rest of the bloc will I'm sure want to impose various further conditions. I know there is a constant whining regarding Brexit, but does the country really need another divisive campaign? Are you in charge of negotiations for the EU? No. So I don’t think you know the terms. Given the rise of the right wing in France and Germany, and the weakness of their centrist leaders, the EU has an awful lot to gain for us to rejoin as it is the most public possible admission that leaving was a mistake. So I think there would be a negotiation. Put it this way, would the EU want as back as we were or not a member? They would definitely want us back as we were. I agree we would probably have to make some concessions but I very doubt a currency one would be required, if everything else could be agreed.
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Post by Ariel Manto on Sept 20, 2024 8:37:56 GMT
Potentially. I don’t know enough about the impact. Would I take the very favourable terms we gave up when we left - absolutely. I think it's important to realise that for the UK to be accepted back into the EU there will be different conditions attached to the membership compared to original conditions. The EU will be aware of the incessant clamour to rejoin and any previous concessions will go, we'll have to adopt the Euro, contributions will inevitably be higher and the rest of the bloc will I'm sure want to impose various further conditions. I know there is a constant whining regarding Brexit, but does the country really need another divisive campaign? Depends upon whether the EU make it part of the negotiations. If the EU was adamant that we had to take the Euro upon joining, then we (the British) would say it would depend upon how well the currency was doing at the time. As Sterling is always generally stronger than the Euro chances are we wouldn't accept that - in which case the negotiations become a bit more protracted. So it's a bit more nuanced than you are implying. If Sterling is stronger than the Euro then it takes the economic incentive for currency integration away for the UK so in that context it's not perceivable the UK would make joining the Euro a make-or-break condition of re-joining. So, the question is whether the EU would and, if it did, the UK's response would depend upon the specific economic conditions at the time. If Sterling had tanked by then, then joining the Euro would be a no brainer, and vis-a-vis the Euro. Saying "yes" or "no" to the Euro now irrespective of economic conditions is daft.
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Post by lordb on Sept 20, 2024 8:42:18 GMT
A genuine question to those who wish to rejoin the EU. Would you be happy to adopt the Euro as the UK currency as a condition of acceptance? yes & to be fair I would expect that would probably be a condition should we re-join we will probably have a lesser position than when we we're in before although maybe the EU would be keen for UK to re-joining & grant UK some privileges such as keeping the £ none the less the scenario where we have to accept EU membership with no special privileges is still vastly superior to the current & foreseeable situation
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Post by Mendicant on Sept 20, 2024 10:01:49 GMT
A genuine question to those who wish to rejoin the EU. Would you be happy to adopt the Euro as the UK currency as a condition of acceptance? Though I don’t want Britain to rejoin the EU, any trade deals or bi-lateral agreements on the free movement of people, goods, services, money etc that’s attractive to Britain can be done without a common currency. Economically, the Euro was predicated on the Deutsche Mark and the old Bundesbank’s reputation for discipline. Those days are over. Besides, it would put us in a straight jacket as it does for all member states where one set of interest has to fit all local economies. So they can shove eet ducky.
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