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tobbob | 3 years ago

You regard a country having its own currency as a privilege? When the UK was a member state, the EU mercifully ordained that they could have our own central bank? This view/attitude was a big part of why people wanted to leave.

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ruggeri|3 years ago

The straightforward reading of the gp is that keeping its own currency was “special” in the context of the EU, which requires new members to join the Eurozone eventually. It would be a “privilege” insofar as it is an exception to the EU’s general policy.

Of course, the UK is not required to rejoin the EU, even if the EU would consider allowing that. Of course, the EU can set any terms of admission. If the UK doesn’t like the terms, it will stay out of the EU. No one is forcing it.

Indignation doesn’t seem like a reasonable reaction here.

yrgulation|3 years ago

All countries in the eu are obliged to eventually adopt the euro. But there is no set timeframe. Also all eu countries have central banks, euro or not. So the uk can promise it will join and never do and that will be fine. There is no “ordaining” here, its what the club wants. Like it join it no enjoy tue misery.

fmajid|3 years ago

Sweden does it by deliberately missing the convergence criteria. Denmark has an opt-out.