Isn't this the whole point of a democratic system? I agree with Stormerne - the sooner that Britain joins the Euro the better for all concerned. I can't stand the people who believe that the pound is in some way intrinsically British. It is a system of currency, nothing more, and these people just don't appreciate to what an extent our economy depends on the relative strengths and weaknesses of the economies of other countries. I am an unashamed Europhile and would like further integration into the European Community, playing our part in the development of the whole region.
Right indeed.It's a whole stupid debacle anyway.The english pound and the danish mark are both a bit stronger currency's.England want's to join if Denmark join's ,also Denmark want's to join if England does,but none of them will take the first step!
If England and Denmark would join Europe could genneraly grow much faster.It would give a good impulse to the Euro zone ,and in the long term they would profit from it.England even see's positive effect already.5 years ago Ierland was to European standard's a low developed country.Now Ierland has a booming economy ,and it increases the trade income of the U.K. .
There has been a lot of European investment in country's like Greece ,Portugal and Ireland ,and the results are realy noticable.
The European union is an excelent body for development of less developed country's.The way we develop is truly ingenuis.The big money providing country's in Europe send there own building firms and workers to the country's they invest into,and they let them do the jobs.That way ,we effectively infrastucturialize the country's ,but the money comes back to the Big investing country's through their economy's.That way rich Europe doesn't even lose money in developing ,as it gives a good inpulse to their economy's to.That way we can increase the economical volume of Europe in a cheap way.I think it's a truely democratic and excelent policy.
Eventualy i think Europe is expanding it's economy on a much stronger bases.America has long been the strongest growing economy in the world.But with the big loses on Wall Street and the Nasdaq you could ask yourself if that growth wasn't only on paper.The investing America has burned a lot of money in it's internet industry.Ten interest rate cut's later it stands on the virge of massif inflation.
I say within six months the Euro is stronger than the Dollar.
(al these interest-rate cut's in America must lead to inflation))
