• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Should We Join the Euro?

Extracts from this document...


GCSE BUSINESS STUDIES COURSEWORK Should We Join The Euro? Zohair Khan 11C Introduction: I am carrying out this piece of coursework to do some research on the European Union. Here's a little bit about the history of the European Union: 1946- The European Federalists Union is set into place in Paris, France. 1948- The custom convention between Belgium, Luxembourg and the Netherlands enters into force. 1949- The Western Union Treaty (Brussels Treaty) is signed by Belgium, France, Luxembourg, the Netherlands and the United Kingdom. 1949- France, Great Britain and the Benelux countries decide to set into place a Council of Europe and ask Denmark, Ireland, Italy Norway and Switzerland to help them prepare the statute of such Council. ...read more.


It was also built to unite the whole of Europe and for a single currency could be established. The currency, Euro, is introduced in the United Kingdom in January of the year 2002. It will have a major impact on businesses based in and around Europe and for the countries that are already in the EU. The European Union will bring advantages and disadvantages to the United Kingdom. The advantages would be cheaper products, better imports and exports, more help from the other countries in the Union when needed, etc. The disadvantages would be the economy of the United Kingdom will get worse and the United Kingdom will have to consult the EU about anything, no independence even on the minor issues. ...read more.


The answers were not even close but then again how will these ordinary people know anything about the EU. The most successful question, which was answered, was when was the EU formed. The correct answer was 1946 and everyone got this answer right. Conclusion: I think we should join the EU because there would be more advantages then disadvantages and more of the people in the United Kingdom would be happy. It's only some political parties of the government, which are against the idea of the EU in the United Kingdom because they need to save their reputation and try and win the majority of the votes to take power in the United Kingdom and they also want to save the Pound. By Zohair Khan 11C ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level European Union section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level European Union essays

  1. Marked by a teacher

    Should Britain Join the Euro

    This could leave Britain straggling behind if the union is a success, and marginalise her influence within Europe. Joining later, having sat out until the success of the project could be guaranteed, is a lower risk option, but would undoubtedly bring less benefits than the more risky early membership.

  2. The question of whether Britain should gravitate toward adopting the euro is indeed an ...

    This will undoubtedly cost them huge amounts of money- for new tills, staff training and extra security. Probably hardest hit will be small firms that handle lots of cash, like bakeries, markets and convenience stores." (The History Of The Euro, 2002)

  1. Should the UK join the euro?

    place will have remembered what happened to them when the currency changed and will probably not want it to happen again. An economist lecturing in Edinburgh University quotes this: 'The UK would experience a stock market decline.

  2. The Euro

    In December 1995, the European Heads of State or Government at the European Council meeting in Madrid voted on the name "Euro" for the single currency of the European Monetary Union. * Stage three began on January 1, 1999 with the establishment of "Irrevocably Fixed Exchange Rates" of the currencies of the current 11 member states.

  1. Regulation 2560/2001 on cross-border payments in Europe.

    Therefore, only indirect indicators of the importance of regulation 2560 /2001 can be given here. One way to assess the relevance is to examine the importance of intra-European trade as this is a predecessor to intra-European payments. In figure 3, shows as an example the daily volume of international trade in Germany.

  2. Should Britain Join The Euro?

    both unprepared to trust Britain fully as long as we remain outside of the Euro and are therefore uncommitted to the common policies of the Euro member countries. The relationship between France and Germany is in a troubled state at the moment.

  1. Should Britain join the Euro?

    I believe that a strong Europe can provide the necessary restraint on the US. The single currency is a key part of the building of a strong Europe. I know that the United Kingdom is in a difficult position as we all know there is a special relationship between America

  2. What is the Euro?

    they wouldn't need to worry about what effects fluctuating exchange rates would have on them. This should lead to more investment in the Euro area and promising trade within Europe. This can also help to reduce costs, as economies of scale would be able to be more easily achieved, as

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work