Euro

Euro Euro Zone After introducing the Euro, the single currency in Europe raises questions that are of vital importance to Britain’s interest. Whether or not Britain will eventually participate in the unified currency is another question and it’s affect on the rest of the European Union and Western Civilization. A unified or single currency has several impacts that the United Kingdom must consider before instituting the euro. A single currency will affect the financial markets and services, employment, and business. Europe has embarked on an extraordinary undertaking: to create a single European currency. Although the Maastricht Treaty committed the European Union to the goal of economic and monetary union (EMU) several years ago, debate over the matters still continue to rage in several countries. Britain is not the only country reluctant to conform to this unified monetary system, although Sweden and Denmark have announced their intention of holding referendums in 2003. As of January 1, all other European Union states have began to accept this “simplified” currency. These states include: Belgium, Germany, Greece, Spain, France, Italy, Ireland, Luxembourg, The Netherlands, Austria, Portugal, and Finland. The opposition states that the introduction of the euro is euro, currency, emu, single, european, europe, union, market, business, unified, monetary, within, wages, national, exchange, companies, benefit, banking, states, risk, real, quite, move, financial, economy, country, across, whether, united, unemployment, through, small, several, rest, rate, policy, ones, one, much, markets, less, integrated, great, exchange-rate, economies, economic, development, currencies, costs, change