Ten years after the Brexit referendum, only one-third of people in Britain believe that leaving the EU was the right decision. Among young people in particular, support for rejoining the European Union is strong.
The rules today is that NEW members must join the Eurozone once they meet the economic convergence criteria.
I know. I’m saying that that’s the loophole: you can intentionally fail to meet the convergence criteria. You just don’t join ERM II. That’s how Sweden’s avoiding taking the euro, it’s how Hungary’s avoiding it, it’s how Poland’s avoiding it, even Romania who joined in 2007 is avoiding taking the euro by simply not joining ERM II.
I respect that Denmark specifically negotiated for an opt-out instead of doing what these other countries did which was essentially agreeing to take the euro but crossing their fingers.
Maybe it’s a loophole, IDK, it doesn’t sound sustainable to have national debt just to avoid being a member of the Euro. Maybe Sweden will become a Euro member sometime in the future, but I’m fine with it being when they want to, and not being forced. But I still don’t think UK will be cut the same amount of slack.
Personally I’d prefer to be part of the Euro, but this was a result of a vote on the Maastricht, and this is way way better than if we’d have to leave EU, which would be even more horrible for us than it was for UK.
We had a lot of EU skeptics when that was decided, but the tide has turned, there are no parties left out of 12 represented in parliament that oppose EU membership. UK cured that problem overnight.
I know. I’m saying that that’s the loophole: you can intentionally fail to meet the convergence criteria. You just don’t join ERM II. That’s how Sweden’s avoiding taking the euro, it’s how Hungary’s avoiding it, it’s how Poland’s avoiding it, even Romania who joined in 2007 is avoiding taking the euro by simply not joining ERM II.
I respect that Denmark specifically negotiated for an opt-out instead of doing what these other countries did which was essentially agreeing to take the euro but crossing their fingers.
Maybe it’s a loophole, IDK, it doesn’t sound sustainable to have national debt just to avoid being a member of the Euro. Maybe Sweden will become a Euro member sometime in the future, but I’m fine with it being when they want to, and not being forced. But I still don’t think UK will be cut the same amount of slack.
Personally I’d prefer to be part of the Euro, but this was a result of a vote on the Maastricht, and this is way way better than if we’d have to leave EU, which would be even more horrible for us than it was for UK.
We had a lot of EU skeptics when that was decided, but the tide has turned, there are no parties left out of 12 represented in parliament that oppose EU membership. UK cured that problem overnight.