The United Kingdom is not the only country in Europe that does not use the Euro as their currency. Only 17/50 countries in Europe use the Euro (which is about 1/3 of European countries). Ireland, Portugal, Spain, France, Malta, Italy, Slovenia, Slovakia, Greece, Cyprus, Austria, Germany, Luxembourg, Belgium, the Netherlands, Finland, and Estonia.
The UK government decided not to use the Euro as its currency because it was felt that they would lose control of the ability to set the UK's own interest rates and therefore wouldn't be in total control of the UK economy. Around one third of the countries who are part of the European Union have retained their own national currency.
Great Britain is in the Euro Zone. However, it does not use the Euro as its currency.
Ireland, part of the British Isles and sovereign state, is also in the Euro Zone and uses the Euro as its currency
Because we retained the right to choose our currency, and our government said it will ballot the country before surrendering our coinage to the Euro-zone !
In order to join the Eurozone, countries have to meet certain economic requirements. As of yet, Bulgaria has not met them. It may join the Eurozone in the future.
Euro zone
Euro is the official currency of the European Union. However, some countries inside the EU, decided to keep their traditionnal money (UK sill use the Pound). The Euro zone is the group of countries that had adopted the Euro (€) as their currency. On the 27 countries in the EU, 15 countries belong to the zone Euro. The other countries have either refused (UK, Sweden, Denmark....) adopting the Euro or are waiting for their Economies to be fit with the legal economics demandings defined by the EU.
Euro zone is two words. It's the zone where the Euro is used as a unit of currency.
There are no plans to adopt the Euro in the UK.
10 UK is 45 in Euro
No. Wales uses Sterling not the Euro.
The EU is just the European Union. Any countries of Europe can apply to receive EU membership if they qualify. The EU (or Euro) zone is the collection of member countries which share the currency the Euro. The Euro is now compulsory for all EU members, except the UK and Denmark which have opted out but may join in the future.
yes
No.
No Switzerland is in Europe but didn't agree to use Euro.
At the moment the euro has a huge impact of those in the euro zone and also those that aren't in the euro zone, the state of the euro affects the price of imports and exports as for example, places like England do a lot of trading with countries within Europe. However, for industries such as tourism the Euro can have a good impact for those who aren't in the euro zone as the value of the euro goes down- so instead of the euro being worth £1.50 it is worth £1.30.
The UK has opted out of the Euro for political and economic reasons.