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Why would a country not use the Euro if it is a member of the European Union?
Wiki User
∙ 6y ago
the french wanted it, they would not agree to German reunification* unless a common European currency would be created.
*after ww2 Germany was divided into 4 sectors, one under American, one under british, one under sowjet and one under french occupation. The three former formed west-Germany, the latter east Germany. those four powers had to agree to reunification before it could happen.
Wiki User
∙ 12y ago
Wiki User
∙ 6y agoBecause it doesn't have to. Of course it will be situated in a state of pressure from EU countries but rightfully it can keep its own money. This all comes of the fact that it may not have signed the Euro treaties (Maastricht and Rome).
The main cost of joining the Eurozone is loss of monetary policy - the ability to set your own interest rate.
- This cost depends on how integrated the country is with the rest of the Eurozone. If all Eurozone countries' economies fluctuated in the same way then one interest rate is all they'd need and so the cost of joining would be minimal.
The main benefit of joining is the boost in trade through exchange rate stability and removal of transaction costs.
- This benefit is mostly affected by how much potential trade that country has with the rest of the Eurozone
So if governments believe costs are greater than benefits they will not join.
Wiki User
∙ 13y agoBecause it doesn't have to. Of course it will be situated in a state of pressure from EU countries but rightfully it can keep its own money. This all comes of the fact that it may not have signed the Euro treaties (Maastricht and Rome).
Wiki User
∙ 14y agoIt will make it easier for tourist because they will not have to exchange money in evey country in the European Union.
Wiki User
∙ 13y ago17 of the 27 members of the European Union use the Euro as their currency. It is part of the process of monetary union.
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So people or political parties that have problems with the European Union and do not like being in it and think it would be better to leave it are referred to as Euro sceptics. They are sceptical about the European Union.They are people who do not support the European Union and think there are many flaws in it. The European Union is an organisation, but not everyone in each of the member country likes every aspect of it. Even some political parties in some countries do not favour aspects of membership of the European Union. There are 28 members, but not all of them use the Euro for example. So people or political parties that have problems with the European Union and do not like being in it and think it would be better to leave it are referred to as Euro sceptics. They are sceptical about the European Union.They are people who do not support the European Union and think there are many flaws in it. 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