The UK and The Euro

Should the UK adopt the euro? One of the key questions currently facing the country. The answer has implications for the UK, Europe and the world economy. Without using economic jargon, Paul Temperton clearly explains for the general reader the case for and against the UK adopting the euro and what the likely affects of each course of action will be. With the help of cartoons and a clear style that make complex economic ideas understandable, The UK and the Euro details all of the key issues in the controversy, while offering a clear and impartial look at both sides."The UK and the Euro" - Dieses Buch wurde speziell für den allgemeinen Leser konzipiert, der nicht über wirtschaftliches Fachwissen verfügt. Paul Temperton erläutert hier detailliert und sachlich-neutral die Standpunkte für und gegen die Einführung des Euro in Großbritannien und deren jeweilige Konsequenzen. Nach Meinung vieler europäischer Staaten schadet der britische Widerstand gegen die Einführung des Euro nicht nur Großbritannien selbst, sondern auch dem Euro. Darüber hinaus äußern viele Unternehmen und Investoren in Übersee - allen voran die USA und Japan - große Besorgnis darüber, weiterhin in Großbritannien zu investieren, wenn die Briten die Einführung dieser Einheitswährung weiter verzögern. Doch es gibt für die Briten auch ein Argument gegen die Einführung des Euro. Die Steuerung der eigenen Wirtschaft z.B. durch Änderung der Zinssätze oder durch Abwertung der eigenen Währung zur Ankurbelung einer stagnierenden Wirtschaft würde durch die Einführung des Euro erheblich eingeschränkt. Geschrieben von einem anerkannten Experten auf diesem Gebiet. Preface.

Acknowledgements.

Introduction.

Sterling: A Brief History.

The Euro: An Even Briefer History.

What will the UK Gain by Joining the Euro?

What will the UK Lose by Joining the Euro?

Does the Euro Pass Mr Brown's Test?

Does the UK Pass the EU's Tests?

What is the 'Right' Exchange Rate?

Are Two Tests Enough?

The Bank of England and the ECB.

The Road Ahead.

The Changeover in the Retail Sector.

Staying Outside.

Is there a Way Out?

Conclusions.

Glossary.

Notes.

Index. "easy to read and should provide a good reference text" (Accounting Technician, October 2001)

"…accessible guide to the case for and against the single currency…" (The Sunday Times, 18 May 2003)

PAUL TEMPERTON CFA is a leading expert on the euro, Europe's single currency. This is his fifth book on the subject. Paul set up TIER (The Independent Economic Research Company) in 1993, having previously worked as an economist for the Bank of England and Merrill Lynch. He has advised governments, central banks, and companies in 26 different countries on the euro and its implications.
Paul is married with two children and lives in Buckinghamshire in the UK. The issue of whether or not the UK should join the euro is a highly emotive one. The outcome of this decision will affect the lives of everyone living in the UK and every voter will need to form a view on this subject. Yet very little information is available that is neither party political nor written exclusively for economists.
The book provides just such impartial informaton in a form that is accessible to those with no knowledge of economics. It features many issues, including the following:

• What is meant by 'joining the euro'?
• Will the UK pass the European Union's tests for joining the euro?
• Will Gordon Brown's 'five tests' be satisfied?
• The main advantages of joining...
• ...and the main disadvantages
• Will interest rates in the UK be lower if we join?
• Will there be a house price boom?
• If it all goes wrong, can the UK get out?

In the near future the UK will need to decide whether or not to join the euro. Yet few of us really understand the issues at stake. Will the Government lose control of the economy if we join or will we lose investment and weaken our international voice if we remain outside the euro? When, if ever, will the time be right to join?
In this clear, accessible guide, Paul Temperton, explains in a straightforward and totally impartial manner the pros and cons of the UK joining the euro. This book contains all the information necessary for the layperson to make up his or her own mind about an issue that will affect the lives of everybody living in the UK.