Accrington Web - View Single Post

ASFC1951 · 16-09-2003, 12:45

Slump? What slump? Although the UK economy certainly isn't booming, as anyone who lives here will testify, it's far from in a slump. In fact, our economy, along with other non-euro states like Sweden and Denmark, is outperforming euro-economies like France, Germany and Italy.

...so the evidence so far (and it is early days yet) would suggest that there is no economic advantage in joining the euro. There are many disadvantages, though. Like the fact that we will get sucked further into the projected European superstate with its "one-size-fits-all" economy. Just imagine, vital economic factors like our interest rates and taxation decided by a remote body in Brussels, whether we liked it or not.

Fortunately, the Swedish rejection means that our referendum will now be postponed until well into the future when we will have had time to assess the impact of the Euro-economy. The question is, will Tony have a referendum on the European constitution next year - the largest handover in sovereignty in this country for over a thousand years?

16-09-2003, 12:45	#9
ASFC1951 Member Join Date: Jan 2004 Posts: 69 Liked: 0 times Rep Power: 0	Re: EURO Slump? What slump? Although the UK economy certainly isn't booming, as anyone who lives here will testify, it's far from in a slump. In fact, our economy, along with other non-euro states like Sweden and Denmark, is outperforming euro-economies like France, Germany and Italy. ...so the evidence so far (and it is early days yet) would suggest that there is no economic advantage in joining the euro. There are many disadvantages, though. Like the fact that we will get sucked further into the projected European superstate with its "one-size-fits-all" economy. Just imagine, vital economic factors like our interest rates and taxation decided by a remote body in Brussels, whether we liked it or not. Fortunately, the Swedish rejection means that our referendum will now be postponed until well into the future when we will have had time to assess the impact of the Euro-economy. The question is, will Tony have a referendum on the European constitution next year - the largest handover in sovereignty in this country for over a thousand years?