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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.
Wiki User
∙ 12y ago
Wiki User
∙ 8y agoThe 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.
Wiki User
∙ 8y agoGreat 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
Wiki User
∙ 12y agoBecause 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 !
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Is it Eurozone or Euro Zone?
Euro zone
What is 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.
Is euro zone one word or two?
Euro zone is two words. It's the zone where the Euro is used as a unit of currency.
When will the UK adopt the Euro?
There are no plans to adopt the Euro in the UK.
Size 10 in UK into Euro?
10 UK is 45 in Euro
Is Wales part of Euro zone?
No. Wales uses Sterling not the Euro.
What is the difference between the EU and the EU zone?
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.
Is Andorra in the Euro zone?
yes
Is Czech Republic in the Euro zone?
No.
Is Switzerland in Euro zone?
No Switzerland is in Europe but didn't agree to use Euro.
What impact does the euro have on Europe?
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.
If the UK is part of the EU why don't they use the Euro?
The UK has opted out of the Euro for political and economic reasons.
