The Government claims that Britain's economy will benefit from replacing the Pound with the euro. Surely this is correct?
Wrong. Arguments used in favour of EMU have always tended to express issues in broad terms, with very few specifics. They are based on idealism and economic ignorance, using lightweight arguments to mask what is really a purely political project. They are easily countered. Read on...
The Five Economic Tests:
Gordon Brown has the five economic tests by which he will judge whether replacing the Pound with the euro is in Britain's interests. Surely this means that he will make the best decision for this country?
Wrong. The only test that the Government is relying upon is whether they can win a referendum or not. The Chancellor's so-called five-tests are spurious indicators as to whether or not Britain is suited to scrapping the Pound. Read on...
The euro and Inevitability:
Surely, it is inevitable that the Pound will be replaced by the euro?
Wrong. The Government will have to ask the people in a referendum. Which means that this cannot be done without your consent.
The people of Denmark, a country that is much smaller than Britain and more dependent on trade with the eurozone, rejected replacing the Krona with the euro and this is despite much undue influence from their own Government and a biased media in their referendum. And the Danes are doing well outside. If they can keep their independence so can we.
Britain has a choice and does not have to accept ever-closer Union, the choice is for the British people and our Parliament. The judgement in the Metric Martyrs case confirmed that Britain could even leave the EU if it passed an Act expressly repealing the Treaty of Rome.
The euro's Success:
Has not the introduction of the euro been a success?
Wrong. Despite the promises made on its behalf Economic and Monetary Union since 1st January 1999 has failed to produce any improvement in unemployment or growth in the eurozone countries. The United Kingdom and Denmark, who are outside of the euro, have on the contrary continued to do much better in both these respects.
Britain should count its lucky stars it is not in the euro. The euro has not lived up to its billing: Read on...