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Re: A UK $
In message <36B7F99E.98D061A1@one.net> "Theodore R. Harlan" writes:
> The United Kingdom did not wholly ratify the Maastricht Treaty.
No one in the UK even _understands_ the Maastricht Treaty. Even the
Foreign Minister of the day admitted he signed it without having even
tried to read it.
And you can't read it - it's actually a collection of obscure changes
in obscure language to equally obscure parts of other treaties, some
of which have partially superseded or modified each other.
> Accordingly they will not be adopting the Euro as their currency any
> time soon. I believe that they still use the Pound, but it does not
> readily appear on a US keyboard! Frankly, My observations show that the
> Euro would not be good for England, as it is likely the most free
> country in europe, and the full body of Maastricht carries a bunch of
> extra regulations. _The Economist_, however, has not been as vocal as I
> had expected it to be.
> I'm curious as to what you think, Phil. Do I have my facts straight?
The reason we have not yet joined is political, and to do with our
adversarial two-party system. What ever the party in power wants to
do is, in the eyes of the opposition, _WRONG_. Whether it's a good
idea or not. So - the Tories are in power and are all in favour
of Europe. This de facto makes the Labour party rabidly anti-Europe,
although they would be (and have been) hard pressed to come up with a
Then - the Labour party gets elected. In their Manifesto, they promised
to oppose the Euro - it's now become dogma, and they have to do it,
irrespective of whether it's a good idea or not. For my part, I would
_LOVE_ to be able to order Bosch parts direct from Zuffenhausen and
pay in my (and their) local currency - the Euro.
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