The Euro.

Essay by BawsyA+, August 2003

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Euro - We Need to Change

Every time that someone in politics seems to mention the topic of the Euro, all the controversial arguments begin. Some people believe that we should never change to the single currency, others think we should wait. However, other people think that changing to the Euro will be beneficial to all and that the issue should be addressed and I am one of those people. It is my firm belief that the UK should join the Euro as soon as possible!

Firstly, I should explain exactly what the Euro is. In today's society, Britain is part of the European Union. This is a group of countries in Western Europe who have signed a treaty to create a Union of Countries (sometimes referred to as States). Their fundamental goal is to create an even closer union among the peoples of Europe. They share common laws and work closely together.

This is why a single currency, known as the Euro, was introduced. In January 2002, notes and coins were introduced in 12 out of 15 of the member states. The United Kingdom was one of the countries that opted out of the change over. Britain seems to consider itself as part of the EU but is not incredibly reliable when it comes to changes, or agreeing to new laws.

Now that the Euro has been introduced to different countries, Britain can step back and look at the result. The Labour Party seems to have a clear idea in which direction they would like to head with regards to the Euro. They set up "The Five Tests" which is basically five conditions that the Euro must comply with before Britain decides to join. It is likely that a referendum will then be held to find out that...