We should thank our lucky stars we escaped the budding euro-zone disaster

[sasguru]

Do keep up at the back!

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[centurian]

I have always understood them:

1. Many don't have experience or knowledge of big vs small organisations - small react quicker, cheaper, and have less competing interests - which reflects on economies as well.

2. Many are swayed by insignificant things, like buying a latte in two different capital cities with the same coinage. Wow.

3. Many like themselves to be seen as cosmopolitan people-of-the-world.

4. A very small minority do so much travelling and movements of money that they have significant exchange costs - a selfish and trivial factor in the grand scheme of things, but understandable from their point of view.

5. Socialists, for whom the single currency is necessary for the EU state.

6. Most simply don't think things through.

But even those that only went on holiday once per year were thinking "Ah, it will save me commission..." and that was their main motivation for thinking it was a good idea.

Never mind that to save about a tenner per year, we would have to give up control of our economy....

Not that we've done a splendid job of managing it ourselves... but I agree with the OP that we would be in much deeper tullip if we were in the Euro right now.

[VectraMan]

1. Many don't have experience or knowledge of big vs small organisations - small react quicker, cheaper, and have less competing interests - which reflects on economies as well.

So why don't we break up into smaller economies? Maybe Oxfordshire should form its own currency, and we'd be able to react quickler, cheaper and without all the socialist northerners, whinging Scots, and London bankers dragging us down.

Of course it'd be a right PITA having to use a different currency to buy coffee accross the border in Bucks, but that's only for cosmopolitan poser wannabes and so can be discounted as not significant.

Seems to me that different currencies and variable exchange rates are a barrier to trade with the very people we trade with the most. That's why I'm in favour. And we don't know how different the current Eurozone situation would be if the UK had been part of it. Maybe the whole Eurozone would be doing better, or maybe we'd have used them to dilute some of our tulipe.

Reasons why people are against the Euro:

1. They have an island mentality and think Johnny Foreigner is inferior.

THE END.

[minestrone]

So why don't we break up into smaller economies? Maybe Oxfordshire should form its own currency, and we'd be able to react quickler, cheaper and without all the socialist northerners, whinging Scots, and London bankers dragging us down.

Of course it'd be a right PITA having to use a different currency to buy coffee accross the border in Bucks, but that's only for cosmopolitan poser wannabes and so can be discounted as not significant.

Seems to me that different currencies and variable exchange rates are a barrier to trade with the very people we trade with the most. That's why I'm in favour. And we don't know how different the current Eurozone situation would be if the UK had been part of it. Maybe the whole Eurozone would be doing better, or maybe we'd have used them to dilute some of our tulipe.

Reasons why people are against the Euro:

1. They have an island mentality and think Johnny Foreigner is inferior.

THE END.

Let's do it, I am moving to Shetland, they will have use for a Mechanical Engineer, 20,000 people owning the rights of oil fields making 20 billion a year for the UK.