4 ms·
I wish the UK won't be stupid and joins the initiative. I also do understand that the US will exert a lot of pressure on Brits to prevent this from happening.
by kombine 10mo ago
I wish the UK won't be stupid and joins the initiative. I also do understand that the US will exert a lot of pressure on Brits to prevent this from happening.
- jeroenhd 10mo agoThe EU very purposefully made this all about the Euro. While I'm sure the UK could join in theoretically, there's no political will on the EU's side to support non-Euro currencies in this new system. Countries like Denmark and Hungary may be able to force the EU to work with their currencies, but the end goal of the ECB is to get every EU country to use the Euro eventually. As much as I'd like to pay in Euros in the UK, I don't think it'll happen.
- kombine 10mo agoTrue, but not all EU countries use Euro, such as Poland, Czechia, Sweden and others. There is no way that they will be excluded from this initiative.
- rsynnott 10mo agoI mean, they’re excluded from SEPA (except for euro-denominated bank accounts).
- mytailorisrich 10mo agoThis is about the Digital Euro so of course it is for the Euro area only [1]. In any case, as said, the UK would be very reluctant to join even if it could. [1] https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html https://www.ecb.europa.eu/euro/digital_euro/html/index.en.ht...
- mytailorisrich 10mo agoThe UK rejected the Euro to retain sovereignty on monetary policy, and then left the EU altogether. In that respect it would be a bad move to join this even if they could.