CONTENT 1. Introduction2 2.The Monetary Union2 2.1. Advantages of a single currency2 2.2. Disadvantages of a single currency3 2.3. Conclusions for the Eurozone4 3.The British Perspective5 3.1. Reasons against joining5 3.2. Reasons for joining6 3.3. Conclusions for Britain7 Bibliography8 1.INTRODUCTION The idea of a single currency has already been mentioned in 1957 when the European Union was founded. During the following years several discussions about a Monetary Union took place, but without any achievements. The first steps towards the EMU were only made …showed first 75 words of 2790 total…

…showed last 75 words of 2790 total…Issue 7, 42 WREN-LEWIS, S., 2001. The economics of EMU: A simple guide to the pros and cons. New Economy, Vol. 8, Issue8, 3-9 Newspapers: CROOKS, ED, 2002. Why the euro numbers do not add up. Financial Times, 17th October, 2 Others: ANON, 2002. The Economic Consequences for Britain if She Joins the Euro [Online] Available from: http://www.europeansinglecurrency.com/ecomomic_consequences.htm [04/10/2002] ANON, 2001. Euros: Where can you spend them? [Online] Available from: http://news.bbc.co.uk/1/hi/business/1695872.stm [09/10/2002]