Why is the UK not in the euro zone?

Answer 1

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.

Answer 2

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.

Answer 3

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

Answer 4

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 !

Answer 5

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.