The UK must say no.

[darmstadt]

And the current situation is great. 50+% youth unemployment. And getting worse. The only way out is the Euro breaking up in some form - though better if the northern bloc leave.

What have the Faroe Islanders ever done to you?

[BrilloPad]

What have the Faroe Islanders ever done to you?

They stole my teddy when I was a child. Its been downhill ever since.

[scooterscot]

And the current situation is great. 50+% youth unemployment. And getting worse. The only way out is the Euro breaking up in some form - though better if the northern bloc leave.

Actually like Ireland, much of the youth have left leaving the feckless behind thereby skewing the real underemployed.

[BrilloPad]

Actually like Ireland, much of the youth have left leaving the feckless behind thereby skewing the real underemployed.

Yep. DEath dpiral. I could not agree more. The only way out is to leave the Euro.

[DodgyAgent]

No.

The cause has always been corrupt and inept government. Bailouts are the result.

Having control of the currency does not remove the corruption. In UK parliament you can buy your own MP for the right price. We're right up there with Italy & Spain when it comes to scandal.

"In Britain, several members of parliament were convicted after it was revealed that they were misusing their expense accounts."

So if we are up there with Spain and Italy why are we not also "up there" with Nigeria and other corrupt countries?

[scooterscot]

Yep. DEath dpiral. I could not agree more. The only way out is to leave the Euro.

The UK having it's own currency has not helped youth unemployment one iota. In fact many graduates cannot find a job unless they now look abroad.

[scooterscot]

So if we are up there with Spain and Italy why are we not also "up there" with Nigeria and other corrupt countries?

Because our officials don't sell their services for less than six figures.

[BrilloPad]

The UK having it's own currency has not helped youth unemployment one iota. In fact many graduates cannot find a job unless they now look abroad.

If we were in the Euro it would be much much worse.

[darmstadt]

So if we are up there with Spain and Italy why are we not also "up there" with Nigeria and other corrupt countries?

Because the UK ain't corrupt in that way, in fact the UK is way down on the list and so it should be. There is of course lobbying which some feel is corruption and in fact the institution(s) perceived to be most affected by corruption are in top place, ta da, Political Parties followed closely in second place by Parliament and the Legislature. A very good place to check out this data is transparency.org. Britain comes out at 17/176 countries in the corruption index whereas Italy is down at 76/176 which is pretty damned bad for a 1st world country (the USA is 19/176 and Ireland is 25/176.)

[scooterscot]

If we were in the Euro it would be much much worse.

Agree, we'd be like Greece with our corrupt government cap in hand to the IMF.

Still I think UK will end up joining the euro at some future date. When bond rates start rocketing and QE is no longer, the pound will be parity with the euro, maybe even go below. Watch the pressure grow for joining the euro.

Ironically I think it is growing more and more likely the rest of the EU will not allow the UK to join the euro.