CONTENT 1. Introduction2 2.The Monetary Union2 2.1. Advantages of a single currency2 2.2. Disadvantages of a single currency3 2.3. Conclusions for the Eurozone4 3.The British Perspective5 3.1. Reasons against joining5 3.2. Reasons for joining6 3.3. Conclusions for Britain7 Bibliography8 1.INTRODUCTION The idea of a single currency has already been mentioned in 1957 when the European Union was founded. During the following years several discussions about a Monetary Union took place, but without any achievements. The first steps towards the EMU were only made …
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…Issue 7, 42 WREN-LEWIS, S., 2001. The economics of EMU: A simple guide to the pros and cons. New Economy, Vol. 8, Issue8, 3-9 Newspapers: CROOKS, ED, 2002. Why the euro numbers do not add up. Financial Times, 17th October, 2 Others: ANON, 2002. The Economic Consequences for Britain if She Joins the Euro [Online] Available from: http://www.europeansinglecurrency.com/ecomomic_consequences.htm [04/10/2002] ANON, 2001. Euros: Where can you spend them? [Online] Available from: http://news.bbc.co.uk/1/hi/business/1695872.stm [09/10/2002]