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Jo · 16-09-2003, 10:27

It's true that prices in Italy have risen after the Euro, this is because all prices have levelled out across Euro countries, and before the Euro, Italy was cheaper than other places.
For the same reason the Euro could be an advantage for the UK, as the UK is relatively more expensive than other countries (in fact tourists have stopped going there, cos it's really expensive, especially London). This is a good argument for the Euro in Britain.
Also if prices dropped in the UK, export might finally pick up again, therefore creating more employment in the county, more spending and generally a healthier economy.
I agree that from the emotive point of view it would be sad, everyone here was sad to see the Lira go, but from an economic standpoint it would bring many, many advantages for British businesses, and thus also the British consumer. I don't think Britain can afford to stay out of the Euro for much longer, since the introduction in Jan 2001, the British economy has continued to slump, specially in international trade and investment. I just hope everyone that votes in the referendum has the full facts beforehand in order to make an intelligent and well-though-out decision.

16-09-2003, 10:27	#8
Jo Full Member Join Date: Jan 2004 Posts: 394 Liked: 1 times Rep Power: 1529	Re: EURO It's true that prices in Italy have risen after the Euro, this is because all prices have levelled out across Euro countries, and before the Euro, Italy was cheaper than other places. For the same reason the Euro could be an advantage for the UK, as the UK is relatively more expensive than other countries (in fact tourists have stopped going there, cos it's really expensive, especially London). This is a good argument for the Euro in Britain. Also if prices dropped in the UK, export might finally pick up again, therefore creating more employment in the county, more spending and generally a healthier economy. I agree that from the emotive point of view it would be sad, everyone here was sad to see the Lira go, but from an economic standpoint it would bring many, many advantages for British businesses, and thus also the British consumer. I don't think Britain can afford to stay out of the Euro for much longer, since the introduction in Jan 2001, the British economy has continued to slump, specially in international trade and investment. I just hope everyone that votes in the referendum has the full facts beforehand in order to make an intelligent and well-though-out decision.