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> would accept the Euro as a currency I don't know why this keeps coming up-- joining the EU does not require adopting the Euro.
by mlyle 3y ago
> would accept the Euro as a currency
I don't know why this keeps coming up-- joining the EU does not require adopting the Euro.
- mutatio 3y agoBecause domestic UK politics wouldn't allow this to pass on technicalities, I mean haven't you learned anything from the build up to Brexit? It would have to be explicit to be palatable, not some technicality that we effectively want to play ball on the Euro, but never really do... Hell, even from the EU side I'd want a honest decision, not political illusion.
- mlyle 3y agoI'm not sure what you're even saying. 5/27 states sit outside of ERM2 and are allowed to not progress towards adopting the Euro.
- mutatio 3y agoI'm saying a pinky promise (to join the Euro, never to do so) would not be sufficient to reassure the British establishment or electorate of losing fiscal sovereignty. I don't understand why the EU would want this either. It would have to be an explicit "The UK has full fiscal sovereignty".
- Timon3 3y ago> I don't know why this keeps coming up-- joining the EU does not require adopting the Euro. The EU website disagrees: > All EU Member States, except Denmark, are required to adopt the euro and join the euro area. To do this they must meet certain conditions known as 'convergence criteria'. https://economy-finance.ec.europa.eu/euro/enlargement-euro-area/who-can-join-and-when_en https://economy-finance.ec.europa.eu/euro/enlargement-euro-a...
- mlyle 3y ago5/27 states are not attempting to meet convergence criteria (ERM2); there is no mechanism to force states to join ERM2.