Wednesday, September 15, 2010

zz Will the UK Join the Euro Club?

When euro was introduced in January 1999....the UK....not in favor of adopting the euro and thus giving up monetary sovereignty of the country.

Whether the UK will eventually join the euro club is a matter of considerable importance for the future of the European Union as well as that of the UK. If the UK, with its sophisticated finance industry, joins, it will most certainly propel the euro into a global currency status rivaling the US dollar. The UK for it part will firmly join the process of economic and political unionization of Europe, abandoning its traditional balancing role.

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