NationStates Jolt Archive

In the UK, we use the pound (sterling), dispite being part of europe, we are not using the euro. Most other countries in europe have the the euro, or are preparing to change to. tarde and the economy would be alot stronger.
All this "it keeps britain unique"is a load of crap. Arn't we more unique for our history and heratige?
If the world was on the same currency, wouldnt the world be slightly richer, exept for the 20-30 people who make money on different currencys?

if it were this simple, everyone would already have the same currency. and it's more than just 20-30 people making money on different currencies. and they make a lot of money.
...why did i never think of that? ;)

All this "it keeps britain unique"is a load of crap. Arn't we more unique for our history and heratige?

Well, that's the arguement I tend to use.

I we have so little self esteem and such an identity problem that we need to express our individuality through our currency (which, in its present state, hasn't been around that long), we may as well pack it all in and apply to be the 51st state or Angleterre.

If the world was on the same currency, wouldnt the world be slightly richer, exept for the 20-30 people who make money on different currencys?

Actually, the royal mint also mints currency for other countries. Recently their was a bit of furour when it was found out that a coin minted for an African currency was the same size and shape as a one pound coin, but work abour 3p and was being used to con people/traffic meters in London

I think we should keep the pound for now.

E R U O E R U O

The currency can't change until I have some of the current sort. Because I'm an anglophile, not an, um... euro...phile.

Besides, I wouldn't be able to get excited over getting euros, whereas a mere 2p can provide hours of amusement currently.

...

What's that? Ego-centric? Me? Well I never. *sulks*

:p

and let the GERMANS control your money??



according to an article i read in slate recently, the euro is becoming the currency of international smuggling, drug dealing and money laundering. not so much because of its value as because they are printing 500 euro bills so the stacks of money can be smaller. (the biggest US bill in circulation is $100)

and let the GERMANS control your money??

:rolleyes:

according to an article i read in slate recently, the euro is becoming the currency of international smuggling, drug dealing and money laundering. not so much because of its value as because they are printing 500 euro bills so the stacks of money can be smaller. (the biggest US bill in circulation is $100)
Well, that is the Germans fault. Germans tend to like using cash over credit cards or cheque to purchase things, no matter how expensive they are.

i really don c the point in the eruo the world was fine b4 it an then they go change it. Im glad that we still have the pound and hope they wot change it :sniper:

Keep the pound! And anybody who disagrees :upyours:

Keep the pound! And anybody who disagrees :upyours:
Any particular reason?

:fluffle:

Any particular reason?

:fluffle:

Because the pound is the best, duh :rolleyes:

:p

Their country, their choice.

Isn't the Pound currently worth more than the Euro? If so, why change it?

Isn't the Pound currently worth more than the Euro? If so, why change it?
It's generally better for a country to have a currency worth less. It means other countries can more easily buy the former country's goods and services. A strong currency is only really good if you're going on holiday. At least that's as much as i know. And I think a lot of people in Europe and the UK have been getting pissed off that the US is letting the dollar sink so low. ie. it's damaging our manufacturing industry.

E R U O E R U O

Learn to spell.

The reason we should remain with the UK sterling is that changing is pointless. Anything we could possibly gain from a change is outweighed by the immense amount of effort and trouble which would occur. Think how much it would cost to take in all the old currency, dispose of it, mint all the new currency, distribute it. It's just not worth it.

Wouldn't it be fairly use to introduce Euros...
1) Make Euros legal tender in the UK
2) Point of distribution is banks and cashpoints.
3) Gradually have banks take in pounds and then get the royal mint to distroy them.
4) After a couple of years discontinue pounds as legal tender.

I believe all the Nation States should change their currency to the Reefer as the Principality of Armus Aran is. It's money good enough to buy shit with and smoke too.

1) Make Euros legal tender in the UK
2) Point of distribution is banks and cashpoints.
3) Gradually have banks take in pounds and then get the royal mint to distroy them.


But it will cost a large amount of money to "distroy" [sic] all the pounds, and lots of money to create all the euros. The government would have to take a bunch of those shiny new euros out of our pockets again just to pay for the process.

Keep the pound.

IMO, Changing it to Euro only spoils the British economy rather than helping it.

But it will cost a large amount of money to "distroy" [sic] all the pounds, and lots of money to create all the euros. The government would have to take a bunch of those shiny new euros out of our pockets again just to pay for the process.

Yea, that costs money, but not that much. You can make money of metal the old coins you dispose off, and the increase in trade caused by a single currency (which reduces uncertainty, and if strong enough, can help reduce inflation) is more than enough to pay off the cost of printing coins.

In economical terms, there are no reasons in the long run for the UK or any other european nation not to join the euro.

The only, most valid reason is the one that is generally presented: You dont want to lose that part of your identity. And if you guys dont want to, then in good european spirit all we must do is.. accept and shut the fuck up :p

PS: but really, join the euro, its cool and shiny and the coins are pretty and very diverse! And its very, very useful when you are travelling in the euro zone, trust me.

I oppose the Euro which is a scheme by the capitalist exploiters of the EU to force free market policies on Europe and to destroy the independence of nations to have control over their own economy.

Wouldn't it be fairly use to introduce Euros...
1) Make Euros legal tender in the UK

It is already accepted in a few shops and places.

It is already accepted in a few shops and places.

Yeah. Actually, thanks to the nature of trade, everything is "legal tender" in the sense that you can trade it with someone else. If you can find someone who will "sell" you a meal in exchange for you building them a shed, you've got yourself a meal.

Regulated currency just serves as a good representation of wealth, because you won't always have what the other person wants handy. You can use the money to trade for what you want later on.

Learn to spell.

The reason we should remain with the UK sterling is that changing is pointless. Anything we could possibly gain from a change is outweighed by the immense amount of effort and trouble which would occur. Think how much it would cost to take in all the old currency, dispose of it, mint all the new currency, distribute it. It's just not worth it.
yeah, but if we dont change soon (we're going to in the end, lets face it), it will be £1 to every 2 euros.
Do we want to be the poor little back-stream in europe? That kind of loss will kill our economy!

Because the pound is the best, duh :rolleyes:

:p

Well put.

I think possibly the stupidest anti-Euro argument is "But we won't have the Queen on our money, then!" Spain is another constitutional monarchy, it has the Euro as it's currency, and the coins display the King on the obverse side.
I think the economy is more important than coin designs, and that is coming from someone who collects coins, and does so purely to look at their designs. If the economy doesn't improve, we'll have to be at parity with the US Dollar like Ecuador. Mind you, that'll annoy the UKIP-crowd, and something needs to make Robert Kilroy-Silk red instead of orange for a change. Then again, he might go all pro-Euro to spite UKIP now his has left them.

Keep the pound. It's a good strong currency and hasn't gone down the tube like some European currencies did.

I thought we didn't want to lose the pound because we lost control of monetary policy. Also there are real world examples of the Euro screwing up e.g. when Ireland suffered at the hands of Germany. I can't just remember how, but I think they had conflicting views at the time and it ended with u|e in Ireland shooting up. Also we should probably wait until France and Germany sort out their economies, as both of them currently have their PSNCR higher than the legal proportion of GDP set by the EU, which could lead to some major screw-ups for other economies.

Well, I'm an American, so I have pretty close to no stake in the matter in Britain. However, if this keeps going it will probably be only another decade or two until people over here start thinking about integrating our economy with Europe's. So here's my take on the matter.

It does seem kind of pointless. It also would give the international community a little too much say in the American economy. I'm occasionally leary of the Federal Reserve controlling the money supply here. I would really have a problem with it if it was most of the world getting to decide how much money is in the economy.

The euro will damage Britain's economy if taken up.

But it will cost a large amount of money to "distroy" [sic] all the pounds, and lots of money to create all the euros. The government would have to take a bunch of those shiny new euros out of our pockets again just to pay for the process.

Actually, if the UK were to convert to the Euro, most of the cost of the conversion would be paid for by the EU. Or at least, that's what happened with the other EU countries. So France will probably decide that we should pay ourselves. French b*st*rds.

Anyway, if we really want to change our currency, why not change to the dollar? The arguments for improvements in trade would just be emphasised, as European countries would then be able to reliably get dollars from two sources (the US and the UK, duh), so it would probably benefit our own, as well as the world's, economy more than if we changed to the Euro.Although personally I don't want to change currency, simply because I don't want to. The pound is perfectly good for me right now - if that situation changes then I'll reconsider.

In the UK, we use the pound (sterling), dispite being part of europe, we are not using the euro. Most other countries in europe have the the euro, or are preparing to change to. tarde and the economy would be alot stronger.
All this "it keeps britain unique"is a load of crap. Arn't we more unique for our history and heratige?
If the world was on the same currency, wouldnt the world be slightly richer, exept for the 20-30 people who make money on different currencys?


Actually only 12 of the 25 current member states of the EU actually use the Euro, the other 13, including the UK still use their own currency. However, the euro is also used in colonies, territories, and other entities that are part of these countries:Andorra, the Azores, the Canary Islands, French Guiana, Guadeloupe, Madeira, Martinique, Monaco, Mayotte, Miquelon, Reunion, Saint Pierre, San Marino, and Vatican City. As for countries preparing to join, I know the UK is planning to join once we meet Brown's points (can't remember how many there are now), the ten Baltic states which have just joined the EU have to join the Euro (it was a part of their accession agreements) while Sweden after holding a referendum on the subject rejected the idea of a single currency.

I think eventually it would be a good idea for the UK to join the Euro since it is risiing in value and, becoming a much more competitive currency; many countries are even switching to trade in Euros and opposed to US dollars. Heck if we had joined the Euro at the same time as the other twelve it would have been Britain producing the coins. (Which is supposedly why Britain, on the reverse of the coin is placed in the centre of the map; can't say if that si the absolute truth but that is what I've heard).

But still, I'm no Economist.