Quote: Originally Posted by Machjo
Pure speculation to which we'll never have the answer because it's never happened.
Brussels, with all its needless red tape and bureaucracy, has a stranglehold on the British economy. No matter how well the British economy has performed in the almost 40 years that Britain has been in the EU, the chances are it would have grown even better had Britain not been in the EU. The EU does not help the British economy to grow. It hinders British economic growth.
I thought it was closer to 5 times Canada's population. But eitehr way, it certainly gives the UK a big advantage over Canada as long as the population is educated.
Britain's population is about twice that of Canada's. And, of course, of those universities which are ranked in the world's top ten almost every year, three of them are British (seven are American and none are Canadian). Britain also has four universities in the world's top twenty. Canada has one.
Those cuts to defence are likely to ctrengthen the UK economy even more, with the current still heavy spending likely holding it back from its full potential.
Britain spends only 2.7% of its GDP on defence. It's hardly going to cripple the country's economy.
The Euro still has its long-term advantages for all its current problems. I see it coming out stronger under a new agreement demanding more fiscal restraint.
I see the euro as no longer being with us in the not-too-distant future. It is a doomed currency and Britain was right not to join it.
How long a currency's been in existence is irrelevant from an ecomic perspective. it's value there is purely sentimental.
Rubbish. The pound has survived for over 1,000 years. The euro has been around for a mere ten years and is already doomed, with disastrous economic consequences for those countries stupid enough to adopt it (and I don't believe the doom-mongers who say that Britain's economy will suffer greatly once the euro collapses. Recent research has shown that if the euro collapses, as seems likely, after a short, sharp shock, the British economy will quickly bounce back and grow faster than it is now, and British exports - which are already at a record high - to countries like Germany will start booming).
Eurozone crisis: Death of the euro need not be a disaster | Mail Online
If Canada joined the Pound, it would have no voice in its management, unless of course Britain agreed to share it on equal terms, in which case it would not belong exclusively to the UK anymore. The Euro would allow all participating countries to manage it on equal terms.
Absolute rubbish. The only country which has a voice in the euro's management is Germany. All those countries which were stupid enough to adopt the euro are not able to set interest rates to suit their own economies (as Britain, outside the euro, is thankfully able to do) but instead have their interest rates set by the European Central Bank - interest rates which favour Germany and Germany only.
It would make no difference to Canada whether it joined the pound or the Euro - it would still have its currency controlled by a foreign nation, by either Britain (Bank of England) or Germany (ECB).
Just to help with your confusion, Iceland would add a few more MPs to the House, the UK would comprise about 80% of the House. though if the UK wanted to become a Canadian province, I'd accept.
The British Parliament - which is the largest parliament in the English-speaking world - comprises 650 MPs plus another 786 members of the House of Lords. The Canadian Parliament comprises 308 MPs and 105 senators.
Taking just the MPs into account, 650 + 308 = 958.
Of those 958 MPs, 650 would be British. Which means about 68% of the MPs would be British.
Quote: Originally Posted by taxslave
Its bad enough that we have the queen on our money.
It's not Britain's fault you have the world's most popular Head of State on your currency. It's Canada's.
We certainly do not want to use a goofy system of money as well.
I fail to see how a currency which has been around far longer than the euro (which really IS a goofy currency) and the Canadian dollar, which is the fourth most traded currency in the foreign exchange market (the third most traded once the euro collapses) and the third most held reserve currency in global reserves (the second most held in global reserves once the euro collapses) can, in any way, be described as goofy.
Quote: Originally Posted by Niflmir
Britain gets a lot out of the EU.
No, it doesn't.
I'm sure the rest of Europe would gladly join the pound if Europe would let the ECB control it.
Why should a bank in Germany control the BRITISH pound? What do you you propose next? The Bank of England controlling the Swedish krona? The only country bank which should control the British pound is the Bank of England. If countries want to join the pound they will have to put up with it being controlled by the Bank of England.
I don't think many people care what the currency is called, although the Euro has a certain symbolism to the 3/4 of a billion EU citizens that the Sterling just doesn't have.
Three-quarters of a billion? Of the 27 EU member states, only 17 of them have the euro. The other 10 have kept their own currencies. And those 17 members states have a combined population of almost 332 million.
If the EU could be really considered a union like the USA,
It can't be considered as such a union. It isn't even a country.
then it would have the largest GDP in the world, and growing.
The EU's economy isn't growing. It is in recession and it is the world's most sclereotic and snail-like economic region. As for the Eurozone (the 17 of the 27 EU nations which use the euro) its economic growth is forecast to trail way behind that of Britain over the next few years.