I think Michael is correct.
Greece is just a minor setback, Germany, France, Portugal & Italy haven’t been as affected as Greece at all.
And what about countries which have benefited greatly? Slovakia and Slovenia have, and would be in a worse position now if it wasn’t for the Euro.

We are already part of the EU, most people don’t want to leave. So what reason do people have for not joining the Euro? The benefits are much greater than the bad points.

The polls are also incorrect, they’ve changed. At first, it was 40% pro-Euro, 50% anti Euro and 10% unsure. That was how simple the polls were.

In the recent 2009 polls, the 3 categories were different, 1) we should join euro 30%
2) NO CURRENCY CHANGE 55%
3) unsure 15%

The fact is, most people in category 2 are unsure. When you aren’t sure about something, people think it’s better to stay the same until you know properly.

But why are people unsure then?

Most people are stuck between pro-€ (to be with the rest of Europe) and pro-£ (to be with British tradition).

See that, it’s tradition that’s holding us back.

People should just make up their mind, I don’t know about them, but I believe we should join the Euro.

Looking at Greece I see that the UK is doing even worse. Therefore I have no reason to believe that keeping pound helps a lot to the British economy. In fact I am tempted to think taht the reverse is true.

If the eurozone recovered earlier than the UK. The ECB could decide to increase interest rates too early for the UK to be ready. However this policy would be undertaken because it would be in the general interest of the eurozone.

If the UK joined the Euro it doesn’t mean it would come out of the recession at the same time as every other country in Europe, every country is different.

So if the UK was still in recession it cause such problems as discussed above

Look at Greece and similar countries to see examples that a currency like the Euro is susceptible to.

But the Uk would be in the Euro economy so the argument is silly.