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Why Don't All EU Members Use the Euro?

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limitgov Posted: Fri, Dec 9 2011 1:28 PM

Why are ther some countries like Bulgaria and UK that still use their own currency?

Did the EU try and pressure these countries to use the Euro?

What was the point of these smaller countries like Hungary to be in the EU if they aren't going to use the euro?

 

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It's also a customs union.

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There are other aspects to the EU apart from the Euro. Freedom of movement, freedom of trade are two of the biggies. No pressure was put on us in the UK to join as far as I know, thank God.

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Marko replied on Fri, Dec 9 2011 8:09 PM

Members who joined after the Euro was founded are required to adopt it eventually, old members are not required to do so.

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limitgov replied on Mon, Dec 12 2011 7:48 AM

"Members who joined after the Euro was founded are required to adopt it eventually, old members are not required to do so."

 

So, even though the UK is a member, they get a free pass and don't have to use the euro?

Question for everyone on this board, what do you think would happen if the UK did change to the euro?

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James replied on Mon, Dec 12 2011 9:10 AM

The eastern countries are/were in the process of complying with the requirements for joining the Eurozone monetary union.

As for Britain and Denmark...  Well, the City of London already controlled their financial affairs.  And they knew that the Euro was going to destroy sovereignty in Europe by destroying itself...  It was the idea.  So they were granted an exemption from the Euro.

Northern Europe is controlled from the City of London...  Continental Europe is controlled from Rome, i.e. NATO and the EU.

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limitgov replied on Mon, Dec 12 2011 9:47 AM

"Northern Europe is controlled from the City of London...  Continental Europe is controlled from Rome, i.e. NATO and the EU."

Do you think the UK ever plans to use the euro?

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James replied on Mon, Dec 12 2011 10:24 AM

Well, the current Euro is dying.

But Britain would never join a monetary union that wasn't run by the City, unless the City decided to give up being the real government of Britain.

This article illustrates the current situation fairly well, I think.  (Obviously I don't agree with the author's opinion.)

http://centreforeuropeanreform.blogspot.com/2011/12/britain-on-edge-of-europe.html

Cameron blocked a treaty for all 27 because he could not obtain agreement on a protocol to protect the City of London. This protocol demanded a switch from majority voting to unanimous decision-making on a number of issues that matter for the City, including the extension of the powers of EU regulatory authorities, and rules that prevent national governments from imposing stricter requirements on bank capital. 

Since it joined the EU in 1973, Britain’s impact on the EU has been positive in many ways. It has pushed for legislation to bring about the single market. Together with France, it invented EU defence policy and it has contributed a lot to EU external policies, in areas such as the Balkans, Iran and climate diplomacy.

The Anglosphere elites use the EU to forward their globalist agenda, but they aren't going to give up their power in the process.

 

 

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limitgov replied on Mon, Dec 12 2011 10:40 AM

when you say "run by the City" what do you mean?  Can you be specific?  How exactly?

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James replied on Mon, Dec 12 2011 11:27 AM

The City contains the Crown Corporation, the Bank of England, the London Stock Exchange and Lloyds.  i.e. All the wealth of Britain, managed of behalf of the monarch.

The City has effective self-government from England and the UK...  A corporate charter almost a thousand years old, which it has the power to redraw if it wants to.  In many ways, it IS the British monarch - her real interests, anyway.  No "elected" British government has the power to harm the monarch's interests, obviously.

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