Britain refused the euro
...critc”, the “No-euro-movement” and the “New Europe” campaign who fight against the introduction of the common currency. This shows, that there is no absolutely “No” to the Euro and that there are euro-supporters, but the major part is against it. An ICM poll in 2002 made the attitudes of the British people clear: This new poll showed, that only 22 per cent of the Britons want to join the euro. The Britons also don’t want that the Labour party supports the introduction of the euro, and it’s said that the Labour Party “would be damaged by a campaign to join”. An excerpt of the poll: “20 per cent of Labour voters would be less likely to support the party at the next election if Tony Blair made clear he wanted to join the euro. 2 per cent said, they would not bother to vote, 8 per cent said they would consider voting Lib Dem and 6 per cent would consider switching to the Conservatives.” Now I’d like to mention the most common arguments which are made for and against the euro: Many people are in favour of the euro, because then they don’t have to change the money if they travel into another country. Also consumers would not have to change money if they transfer large sums of money across the borders when they buy for example a holiday home. Another advantage is that businesses wouldn’t have to pay hedging money anymore which they do due to the currency fluctuations. The euro should also end up the instability of the currency, because a single currency is more stable than many individual one. Also the transactions between the member states are easier to fulfil with just one currency. But there are also many disadvantages. A common ...