Arguments
against the euro...
This is a
subject that many politicians, economists, businessmen and the general
public feel very passionate about.
Obviously,
if we join the euro we will no longer have the pound - which has been
around for many, many years.
Lots of people
feel that we will lose some of our tradition and culture if we lose the
pound. Surely tradition and culture are in our hearts and minds and not
in the money you use, you might ask? Nevertheless many people feel that
losing the pound would mean losing something very British.
Another argument
is that if we no longer have our own money, we would lose control over
it. That might sound odd, but think about it for a second...
Remember
reading about interest rates in OINK! some months back? As you well know
the interest rate is the cost of money, how much it costs to borrow and
how much you get for saving.
Well, by
having the euro our interest rates will be the same as France, Ireland
and other euro countries (often nicknamed euroland).
The Eurosceptics
(people against the euro) argue that it would not be good for the British
economy. Decisions taken on what is good for the euro might not always
be good for individual euroland countries.
Think of
it this way... you and your family move to a bigger house with a bigger
garden, but it might not be better for you if it is further away from
your school and friends.
This is just
one side of the story though, so next month we will explore why people
would want Britain to have the euro.
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