Comments by "Paul Aiello" (@paul1979uk2000) on "The Euro Explained: The History u0026 How Countries Join - TLDR Explains" video.

@paisto I never said those other EU members could get rid of the UK but that some wanted to get rid of the UK, hence the reason why it's unlikely the EU would get support from all EU members to let the UK back in any time soon, France and Spain would likely block us among some other members. In any case, it might not even matters, polls are showing support for the EU growing in all the EU members countries including the UK ironically, it's also showing that the support for rejoining the EU is growing in the UK with the latest polls saying 57% supports that, that's quite a big swing in the other direction and that support has been growing for quite some time now. I have to wonder once the hardship of Brexit and the pandemic kicks in for the UK where those numbers will be because we're not really feeling the impact of it yet but that is likely to change late this year or early next year, so much so that Labour could actually fight the next election on rejoining the EU if support is great enough, they know the Tories can't do the same because they've gone too deep on Brexit so will have to dig their own grave. Another factor is the op-outs, if the UK rejoins the EU, we won't have any op-outs, meaning the UK will have to sign up to everything including the Euro, Brexiteers might have done a massive mistake in pushing Brexit so aggressively that it could backfire on them, and we end up back in the EU with Euros in hand and all because they lied and never thought Brexit through.
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The UK is like that, it's all doom and gloom, not just on the Euro but on the EU as well, if you were to listen to them, the EU and Euro would have fell along time ago so clearly it's fear that's getting the best of them because there is no real signs of the EU or Euro falling apart any time soon even with all this pandemic going as well as Brexit and in fact, it seems like support for the EU and Euro is growing among its members and growing quite fast in the UK in wanting to rejoin the EU according to many polls.
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I think the real advantage of being in the Euro is that it puts all the members in the same boat where they really have to help each other out for the sake of the currency, that is a big benefit for weaker economies that struggle to do the real reforms needed to keep up but it also means harsh measure will hit them if they don't get to grip with things.
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@hellgorama Quite true that, another thing about those regions is that they are built on a house of cards, it's mostly money shifting without really producing much which isn't really that great for job and the people in those regions but it is great for the super rich and corporations. As for the Euro Zone, that's unlikely to fail because there is too much of an incentive for the members in it to make it work no matter what, it's also in the interest in the none Euro Zone countries in the EU for it to work because it keeps their options open it's always better for them to have a strong currency on their door step that they can join then being ruled by the likes of the US. Basically, the EU and the Euro has always been a project about protecting European political, economic and social interest in the world, that's why it's unlikely to fall because none of them can afford for that to happen, even the more sceptical countries and this is more the case with the US being a power, China and India rising as a power.
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@paisto That's true, also, there will be no op-outs, that's why it must be a worry for the Tories and Brexiteers in the UK because the polls are showing support standing at 57% and growing for rejoining the EU, people will accept a lot of things once hard times kick in and in the case of the UK, they've got Brexit and the economic fall out of this pandemic to worry about, this is probably the worse time the UK could have left the EU and clearly people are having second thoughts on that. In any case, If Brexit hits the economy and the pandemic adds to that, expect public views to keep shifting, after all, Brexiteers don't care for excuses on why things are going south, they were promised sunny upland and will turn on the government if they don't deliver, in other words, that percentage to rejoin the EU is likely going to continue to rise as things really sink in and it wouldn't surprise me that it could be so popular by the next election that Labour fights the election on rejoining the EU, how a short space of just a few years can change a lot. Beside, lets be honest, even if the UK wanted to join, the EU won't let us back in that soon, one or two members will veto that, some have wanted to get the UK out for some time, they are not going to mess it up by letting the UK back in until the UK really changes, in other words, it could be decades before the UK can join and the best the UK can hope for short term is single market and custom union access as that will protect the economy. The real reality on Brexit will start to kick in next year because for now, most of the public have not felt the impact of it because we are more or less still in the EU. You know what the real sad thing is, I don't think the UK would even qualify to join the EU if we were to try, most EU countries will want to see a shift in views from the government political parties in the UK, the media and the public, the last thing they want is a hostile country in the EU, so the UK has a lot of work to do if they want to rejoin, the US and China will help them on that by scaring the UK. Beside, the EU has other things on it's mind with other countries planning to join the EU before 2025.
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I think it was a good idea but I think more political integration is needed for the Euro to work more effectively and the irony is, I suspect that was the intention, political integration isn't easy but bringing the Euro in which puts more pressure on all those governments to integrate more so the currency works more effective for them all, hence why I think it's only a matter of time that more integration will happen for the Euro Zone countries. This pandemic might actually speed up the process of that in ways we can't really see at the moment so the next decade is going to be very interesting. As a Brit living in the UK, it's a shame the UK didn't join the Euro because Brexit might not be happening now but on the plus side, polls are showing that 57% of Brits want to rejoin the EU and that percentage seems to be going up, at this rate and if the UK does rejoin the EU, the Euro will be part of the package.
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