How do we feel about collecting Euros?

I quite like the British Euros with, in Big letters, "BREXIT"!!!

 

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The UK has never been part of the euro area. What you may have in mind is this thing. But that is a medal made by the Berlin Mint.

Christian

 

That makes sense. I guess I did kinda assume we all lived in New Zealand.

 

What's happening to the countries already on the Euro that aren't too keen on this here Migration Compact? I think they have to play ball or get kicked out, right? Or isn't that the case? Like, take Italy. Try arguing with this, lol...

edited

 

God save me, I'm not going to comment due to the political furor........

 

I don't think they can stay on the Euro. Britain isn't an example as they're not on the Euro. Italy and quite a few others are. Are you understanding this, comrade Ken?

 

Brits, Brexit, Baxter.........

 

Belgium...

 

Brooklyn...

 

Bobody bill be borced ... errm ... nobody will be forced to introduce the euro. Legally only the UK (which will soon be gone anyway) and Denmark have an opt-out clause, as they were member states before the euro introduction. Every other country that joins the European Union has to - theoretically - introduce the euro; there is no cherrypicking as in, oh, we want to be in but would like to not apply these and those parts of EU law.

Note the word "theoretically" however. The EU has 27 member states, or 28 if you include the UK. 19 of them use the euro, plus 4 countries that have monetary agreements with the EU. Of the remaining member states, some probably meet the convergence criteria, others do not. So we will "always" have countries that are in the EU but do not have the euro.

Christian

 

Common Market comes to mind........

 

Don't they have to stop minting their national coinage? Do you know, Christian? Like the French can't have the lira anymore, and the Italians can't have the franc?

 

Theoretically, in the extremely long run, yes. Practically ... nah, I don't think so.

Currently there are eight EU member states (not counting the UK) that do not have the euro: Bulgaria, Croatia, Czech Rep., Denmark, Hungary, Poland, Romania, Sweden. Of these eight, only Denmark has an opt-out as the country was already a member before the 1992/93 Maastricht Treaty.

All others have to introduce the euro eventually, once they meet the convergence criteria. Now in some of these countries, the governments have stated that "we are not there yet", or they had votes that kept the governments from moving on. And some other member states do not meet the criteria. That is why I wrote we will "always" have EU member states that have the euro, and others that do not. In such a situation there is no point in saying, hey you, all others have it, you should follow suit.

Christian