Why do the British resist adopting the Euro?
Question: I am currently doing a project on the single european currency and am not very clear on the reasons as to why Britain isn’t joining. I am having difficulty in finding precise answers in any of my research. Could you possibly outline the reasons for me? Answer: As I understand the debate, the main issue is political rather than economic. Many people in Britain see the EU as the beginning of a super-state that would obliterate the independence and cultural identities of its member nations — much as the U.S. national government, over the last 200 years, has obliterated the independence and cultural identities of the states that originally formed it. On the British Conservative Party’s Web site, for example, I found the following statement by a party leader: “Under Labour’s plans, the British pound, the currency that for centuries has been both the symbol and reality of our national independence, has two years left to live.” I think that pretty much sums up the argument against
