Essays on the Euro

The Euro was introduced in 1999 to great fanfare. It is a bold economic plan to encourage greater convergence and reduce transaction costs within the European Union. As a frequent traveller to Europe I am frequently grateful countries have adopted the Euro as it makes it much cheaper to need just one currency.

However, the impact of the Euro on the wider economy is more contentious. These are some of the essays I have written on the Euro. As you will see, I find it hard to see a good reason for UK to join. I don’t have any ideological opposition. But, with the UK sensitive to interest rates, I  feel the common monetary policy would only exacerbate the UK’s economic difficulties. Let us just hope, the UK doesn’t go bankrupt and have to go begging to be admitted into the Euro…

• How would recession be different if UK was in the Euro?

• Benefits of Euro revisited
• 5 Economic tests for joining Euro
• The Problem with the Euro
• Why UK will never join the Euro.

BTW: I would be interested to read a convinving argument the UK should join the Euro