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On January 1st 1999, 11 of the 15 countries in the European Union (EU) merged their
national currencies into a single European currency, the Euro. ... Great Britain, Sweden, Denmark and Greece were the countries that did not convert their
currency to the Euro at that time. Afterwards Greece also converted, at the last minute, leaving
just Great Britain, Sweden, and Denmark to be the only EU countries not using the Euro but it is
inevitable that one day Great Britain will have to make a decision on whether to have the Pound
or the Euro as their national currency. In this essay I will argue for Great Britain choosing the
Pound over the Euro. This is because the Pound isn’t just a currency; the British Isles have been
using that same currency for centuries and it also represents over 1000 years of British culture
and history and the oldest pre-euro currency is only 200 years. ... Great Britain is quite independent and they have
accomplished all that with the Pound so there is no need to convert to the Euro. Converting to
the Euro will mean that the citizens of Great Britain will have to pay higher taxes or the
government will have to cut back on public spending. ... In
addition to those problems, Britain joined the Exchange Rate Mechanism (ERM) in 1990 and
was forced out of it on September 16th 1992 because it had become an economic disaster and
since it got kicked out it had its biggest rate of growth since the 19th century so why would it
need to start using the euro and mess its economy up again.
Approximate Word count = 1118
Approximate Pages = 4.5
(250 words per page double spaced)
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