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flystyler
Defected[JULES]Addict

Registered: Jun 2001
Location: Aylesbury, UK
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I do economics for A Level, and i can see why the uk would not want to be in the euro. If you look at the current economic situation, america is in recession as well as most of europe pritty much on their way. The UK is the only country who has kept out of the recession, due to high spending by our shopaholics, and the fact that the Bank Of England has delt with the situation well, and lowered interest rates. This meaning that there is more disposable income for people, as lowere interest rates mean lower mortgages. This means everyone spends more. As being seen at the mo in the xmas sales, and january sales.
The Euro is going to be difficult to manage, as basically 1 county will find it hard to be inderpendent from now on. Obviouslt the euro's buying power will be stranghened by this, and will be able to match the dollar on this asspect, but the future will tell.
But i am sorry to say it looks like the euro will either suceed or crash and burn
___________________

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Jan-02-2002 10:54
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Vexer
tranceaddict in training
Registered: Nov 2001
Location: Bologna, Italy
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the euro is basicly making these countries into one country. i dont think that the member countries can get along enough to hold it together. hope they prove me wrong though.
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Jan-02-2002 23:58
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sector.30
Senior tranceaddict

Registered: Oct 2001
Location: Manchester & Nottingham, UK
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Britain should keep the ££££££££££, To be successful, British business needs economic stability. Such stability would, at least for the foreseeable future, be destroyed by entry into the Euro. Joining the Euro will mean higher taxes, more regulation and a loss of economic control.
........notice how all the rich countries stay out, UK, Sweden, Norway & Switzerland, except Germany, who've signed up for economic ruin dumbasses
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Jan-03-2002 21:54
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