Branson reckons we would have been better off if the UK had joined the Euro

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GuppyFox
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http://www.dailymail.co.uk/news/eu_r...Europeans.html

Bit of a bold claim considering this weeks turmoil with Greece, and the fact that the eurozone has been hindered greatly since the great recession.

Does Branson have good reasoning? He claims UK exports would be stronger since we export so much to the EU already. He also says we should be proud to be European, something which I also agree with (Why hate one another? Europe is amazing with all the different cultures, languages, climates, history and geography).

But personally I think it does look obvious now that we have fared better by not joining the Euro. But would have its fortunes faired better if we had been there from the start?
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PenguinEmperor
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Would us joining the EU not have just made borrowing even cheaper because of increased stability so the pigs may have ended up borrowing even more? (I might be wrong here)
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Rakas21
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(Original post by GuppyFox)
http://www.dailymail.co.uk/news/eu_r...Europeans.html

Bit of a bold claim considering this weeks turmoil with Greece, and the fact that the eurozone has been hindered greatly since the great recession.

Does Branson have good reasoning? He claims UK exports would be stronger since we export so much to the EU already. He also says we should be proud to be European, something which I also agree with (Why hate one another? Europe is amazing with all the different cultures, languages, climates, history and geography).

But personally I think it does look obvious now that we have fared better by not joining the Euro. But would have its fortunes fared better if we had been there from the start?
Without mutualised debt, us being in the Euro would not have changed its fortunes all that much. As to how we would have fared, probably worse than Germany but better than France/Spain/Italy.

(Original post by Penguinfarts)
Would us joining the EU not have just made borrowing even cheaper because of increased stability so the pigs may have ended up borrowing even more? (I might be wrong here)
Possible i suppose.
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Saracen's Fez
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I see where he's coming from actually. I don't believe that we would be significantly worse off in the euro than outside.
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RF_PineMarten
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I am not at all convinced we would be better off in the Euro. It's just more EU integration that we simply don't need.
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GuppyFox
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(Original post by RFowler)
I am not at all convinced we would be better off in the Euro. It's just more EU integration that we simply don't need.
I believe EU freedom of movement and the Eurozone are 2 different beings. Us being part of the eurozone would not have affected this.
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SaucissonSecCy
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(Original post by Saracen's Fez)
I see where he's coming from actually. I don't believe that we would be significantly worse off in the euro than outside.
We can't control our exchange rates. What about the city?
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Evening
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No we wouldn't, just look how Greece screwed everything up.
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Saracen's Fez
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(Original post by SaucissonSecCy)
We can't control our exchange rates. What about the city?
We'd manage.

OK, the euro arrangement probably suits Germany better because its economy benefits more from the cheap imports, but I really don't think it would make as much of a difference as people seem to think - we wouldn't become another Greece or Spain just because we shared a currency.
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SaucissonSecCy
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(Original post by Saracen's Fez)
We'd manage.

OK, the euro arrangement probably suits Germany better because its economy benefits more from the cheap imports, but I really don't think it would make as much of a difference as people seem to think - we wouldn't become another Greece or Spain just because we shared a currency.
So what if we wouldn't become Greece and Spain. I want us to have an exchange rate with Europe, I don't want to be part of an effectively German run currency.
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Saracen's Fez
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(Original post by SaucissonSecCy)
So what if we wouldn't become Greece and Spain. I want us to have an exchange rate with Europe, I don't want to be part of an effectively German run currency.
The more big economies in the Eurozone, the less influence Germany has.
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Bill_Gates
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Branson did not finish university and we can tell.
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FullOfDreams
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He would probably benefit more from it.
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Maker
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(Original post by Bill_Gates)
Branson did not finish university and we can tell.
He's richer than you.
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Bill_Gates
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(Original post by Maker)
He's richer than you.
Does he even lift though?
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GuppyFox
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(Original post by Evening)
No we wouldn't, just look how Greece screwed everything up.
Greece is a special example since in my opinion they never met the credibility criteria to ever join the eurozone in the first place.

However, anyone under the euro are still restricted, so perhaps we would still have been struggling.
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Maker
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(Original post by Bill_Gates)
Does he even lift though?
Only his wallet.
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Bill_Gates
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(Original post by Maker)
Only his wallet.
lol
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GuppyFox
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(Original post by FullOfDreams)
He would probably benefit more from it.
That is true, but then so won't a lot of UK businesses?
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SotonianOne
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(Original post by GuppyFox)
(Why hate one another? Europe is amazing with all the different cultures, languages, climates, history and geography).
because some people in it don't know how to manage money
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