The UK and the euro

Economie | 3 pages | 05-03-2006 | Format : | Note : Non noté

PRIX : 1.80€ |

Résumé

In Maastricht in 1992, the then twelve members of the European Community decided to move towards an Economic and Monetary Union, with the aim of launching a single currency. But when the European single currency was launched in January 1999 by 11 of the 15 EU member states, Blair decided to exercise the opt-out negotiated by John Major. Maastricht set four criteria to be met in order to join the euro: the avoidance of excessive government deficits to be less than 3% of GDP for annual debt and 60% for the stock of government debt; inflation to be no more than 1.5% higher than the best three performing member states; currency to stay within the margins of the European Monetary System for at least two years ...

Outline:

The economic and political debate

- Arguments for membership
- Arguments against membership

Is Britain likely to join in the next few years?

- Public opinion
- Interest groups, the media and the No and Yes campaign
- “Prepare and persuade”

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