"As, over the next ten years, all the accession states will adopt the Euro there is no real future outside the single currency". Critically discuss the above statement with particular reference to the UK.
The Euro debate is intensely emotional. Whilst on the one hand Trichet describes the Euro as "[t]he crowning achievement of the single market" (2001, p.7), others believe that the Euro is nothing less than a conspiracy to create an (evil) European super-state. There can be no doubt that this is an important issue, particularly in the United Kingdom given its government's "definitely-maybe" views on the Euro. Accordingly this essay will consider the Euro question with particular reference to the UK. Firstly, it will consider the arguments for and against the UK entering the Eurozone.
Section 2 sets the scene by outlining a brief history of the Euro. Section 3 then describes the famous five tests set by Gordon Brown to enable a decision upon the vexed question of whether Britain should join the Euro. Section 4 considers the political aspects of the debate, which this writer sees as the real issue in this debate. Section 5 examines life outside the Euro, and its implications for the UK. Finally, section 6 draws conclusions on the Euro debate.
2.A Brief History of the Euro 欧元的短暂历史
The road to the Euro began in the Maastricht Treaty , which agreed upon a common currency.
The then British government (Major's conservative government), however, was deeply sceptical about this, seeing monetary union as a step towards federalism  . Britain therefore negotiated an opt-out clause (as did Denmark). Maastricht run into difficulties (notably, rejection in the Danish referendum), but despite this the Euro-bulldozer rolled inexorably forward, moving from aspiration to reality. A European Central Bank was established in Frankfurt. And in 1999 the Euro became the national currency of the majority of EU states.
3.Brown's Five Tests 布朗的五次测试
In 1997 Gordon Brown, the British Chancellor, set out a series of five tests, designed to enable a decision upon the vexed question of whether Britain should join the Euro. These tests give a clear answer: "definitely, maybe."(责任编辑：BUG)