Comments by "Caroline Collett" (@carolinecollett956) on "Will the UK rejoin the single market? | Brian Monteith discusses" video.

  1. Yes . And next will be the euro currency made the official currency in Scotland first !
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  2.  @uingaeoc3905  Someone will understand what zdrajca oznacza !
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  3.  @p.g.u.d  Currently, the euro (€) is the official currency of 19 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange rate policy with the euro). The currency was formed virtually in 1999; notes and coins began to circulate in 2002. It rapidly took over from the former national currencies and slowly expanded behind the rest of the EU. In 2009, the Lisbon Treaty finalised its political authority, the Eurogroup, alongside the European Central Bank. The first ideas of an economic and monetary union in Europe were raised well before establishing the European Communities. For example, as earlier on as the League of Nations, Gustav Stresemann had enquired in 1929 for a European currency[1] against the background of an increased economic division due to a number of new nation states in Europe after World War I. At this time memories of the Latin Monetary Union[2] involving principally France, Italy, Belgium and Switzerland and which, for practical purposes, had disintegrated following the First World War, figured prominently in the minds of policy makers. A first attempt to create an economic and monetary union between the members of the European Economic Community (EEC) arrived with an initiative by the European Commission in 1969, which set out the need for "greater co-ordination of economic policies and monetary cooperation."[3] This was followed up at a meeting of the European Council at The Hague in December 1969. The European Council tasked Pierre Werner, Prime Minister of Luxembourg, with finding a way to reduce currency exchange rate volatility. His report was published in October 1970 and recommended centralisation of the national macroeconomic policies entailing "the total and irreversible fixing of parity rates and the complete liberation of movements of capital." But he did not propose a single currency or central bank.[4] An attempt to limit the fluctuations of European currencies, using a snake in the tunnel, failed. In 1971, US President Richard Nixon removed the gold backing from the US dollar, causing a collapse in the Bretton Woods system that managed to affect all of the world's major currencies. The widespread currency floats and devaluations set back aspirations for European monetary union.[4] However, in March 1979 the European Monetary System (EMS) was created, fixing exchange rates onto the European Currency Unit (ECU), an accounting currency, to stabilise exchange rates and counter inflation. It also created the European Monetary Cooperation Fund (EMCF). In February 1986, the Single European Act formalised political co-operation within the EEC, including competency in monetary policy.[4] The European Council summit in Hannover on 14 June 1988 began to outline monetary co-operation. France, Italy and the European Commission backed a fully monetary union with a central bank, which British Prime Minister Margaret Thatcher opposed.
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  4.  @p.g.u.d  France and the UK were opposed to German reunification, and attempted to influence the Soviet Union to stop it.[8] However, in late 1989 France extracted German commitment to the Monetary Union in return for support for German reunification. The Delors report[10] of 1989 set out a plan to introduce the EMU in three stages and it included the creation of institutions such as the European System of Central Banks (ESCB), which would become responsible for formulating and implementing monetary policy. It laid out monetary union being accomplished in three steps. Beginning the first of these steps, on 1 July 1990, exchange controls were abolished, thus capital movements were completely liberalised in the European Economic Community. Leaders reached agreement on currency union with the Maastricht Treaty, signed on 7 February 1992. It agreed to create a single currency, although without the participation of the United Kingdom, by January 1999.[
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  5.  @p.g.u.d  An independent Scotland would 'totally' sign up to the Euro as a condition of joining the EU, says SNP chief . Foreign affairs spokesman Alyn Smith said Scots could change their currency 💴
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  6.  @p.g.u.d  All over this island more and more children are living in poverty . Having visited Ireland I can tell you it kept their people struggling using the Euro currency and so will we be worse off not better off but we become hardened to poverty !
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