Sunday, 28 September 2008

Euro Currency Is Not The Answer

Due to the current financial crisis the pound has fallen ever so closer to parity with the Euro.
But the Euro must not be adoped and must not be seen as the solution to our problems.

I have recently been to Cyprus where they have only just adopted the Euro. The general feeling among the ordinary citizens is that everything is now 20% more expensive than under the Cypriot Pound.
Things as we all know get rounded up with a currency change, as we witnessed with decimilisation.

There are sound reasons for keeping the pound beyond our sovereignty, it just does not make any financial sense and those who remember the ERM crisis of 1992 will know exactly what I mean.
People are naive to think that the Euro debate ended in 2002 when Britain held onto the Pound Sterling. We must think again and be prepared to fight as the next battle could be just around the corner, and will not be as easy next time.

0 comments: