..If the EU stated that to withdraw Article 50 /'rejoin' the EU (the former is still awaiting European court ruling) was subject to the UK joining the Eurozone, would anyone on here still want to follow that path?
Personally, absolutely. Although I would have taken the Euro 20 years ago and my salary would be double what it is now. I understand that is unpopular though.
Just a point though Tekktyke, the logic of the Supreme Court Article 50 case dictates that Parliament would also have to sanction the withdrawal of the Article 50 Notice. So even that is not in Treseme's hands.
Given the 2 alternatives of No deal or Mays Deal yes I would Given a sensible "Norway type of deal " I would need to give it some much more serious thought - I dont think joining the Eurozone is good for Britain but its definitely a lesser evil than leaving with no trade and services deal
No, joining the Eurozone would be terrible. Look a the state of some of the countries whom adopted this currency. It won't be too long before one of them drops out at which time the Euro will take an almighty hit in the markets.
That has not been the experience of the Italians, Greeks or Portuguese - and before any one starts about it 'being of their own making', -whilst there is some justification in that accusation, being tied to the ECB set rates and a Eurozone constructed for the benefit of German economy (e.g. euro set low to help german exports) is the biggest cause. If we joined the Euro we would be hog tied to the ECB and I cannot see how that would help the UK at a time when the Eurozone is in a real mess and several crisis have been , and continue to be, kicked down the road. Even the architect of the EU says the concept of a single currency, whilst originally sound, has been meddled with and corrupted by EU politics and is almost certainly going to fail. I cannot understand how anyone would wish to join the euro in the current situation. Eurozone sovereigns cannot sustain the same debt ratios as the US or Japan because they cannot print their own money. The dollar and yen are considered safe havens, while the euro is not, and can’t be now because of the eurozone’s unstable reputation Absolute sovereign debt levels are still rising in Europe. Debt to GDP levels may have stabilized, but that is only because government spending is part of GDP, and rates are artificially negative across the EZ on the short end Now that Italy is on the backburner again, triggers could be Spain/Catalonia, or the failure of one or more big eurozone banks, which are growing ever weaker.
