Public Opinion, the Euro and Great Britain

Paper Summary:

This paper addresses the various issues on the top of public debate regarding the introduction of the Euro as a replacement for the current British currency of pounds. It present arguments for and against its introduction and examines Prime Minister Blair's position on the issue. It explains Blair's "five economic tests" conditions that the Euro needs to pass before being introduced in Britain. It discusses how public opinions change according to social classes and concludes with a discussion on Britain's general attitude towards Europe.

From the Paper:

"Whether to adopt the euro is a controversial issue in Great Britain. Public opinion sways on the subject, based on national economic and political concerns, as well as international developments. The centrist Tony Blair has cautiously backed the adoption of the Euro, but he continues to face significant opposition, from within his own Labor Party as well as from the opposition Conservative Party. While some in Great Britain support adopting the euro, many feel that adopting the currency would not be in the country's best interest. Some feel simply that they would lose control of their economy, and consequently, their country. Others frame the argument in terms of a larger criticism of the European Union, which is often portrayed as overly bureaucratic by the British media. There are, of course, those who support the Euro, citing the long term political and economic benefits for Europe as a whole, in which Great Britain would share. And, of course, there are those who simply are not sure, a significant portion of the population."

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