Adopting EUR is genuinely the one thing that’d make me vote against rejoining the EU. Had Britain not had control over fiscal policy in 2008 it would’ve been a unmitigated disaster. Plus sterling is reasonably stable and there’s no real downside to Europe having sterling within the Union given its used quite a bit as a reserve currency.
Well, adopting the € is not optional. UK had a special deal to keep the £ back then (so did Danemark), when it was still possible, but this isn’t an option anymore. From the moment your economy meets the requirements, the country shall adopt the €. Czech and Sweden are overdue for the € adoption, they are dragging their feet. I’m not saying the unified currency is always in the best interest of each individual member country, but that’s part of the deal.
Adopting EUR is genuinely the one thing that’d make me vote against rejoining the EU. Had Britain not had control over fiscal policy in 2008 it would’ve been a unmitigated disaster. Plus sterling is reasonably stable and there’s no real downside to Europe having sterling within the Union given its used quite a bit as a reserve currency.
Well, adopting the € is not optional. UK had a special deal to keep the £ back then (so did Danemark), when it was still possible, but this isn’t an option anymore. From the moment your economy meets the requirements, the country shall adopt the €. Czech and Sweden are overdue for the € adoption, they are dragging their feet. I’m not saying the unified currency is always in the best interest of each individual member country, but that’s part of the deal.
Based Sweden and Czechia