Uk will ultimately join Euro
Former deputy prime minister Lord Heseltine; an advisor of David Cameron; expects that the UK will eventually join the Euro. If the euro zones cannot survive the economical problems they are facing now the effects would be catastrophic to the UK because the European banks owe lots of money to British banks.
There are different voices in the UK about joining the Euro such as the three largest Westminster parties who are against joining the Euro but the pro-European politics believe that the UK can now take advantage of the situation and negotiate the single currency countries in the EU for more integration.
My comment:
After the tragic economical situation of Greece and then Italy there will not be much hope in the Euro zone to solve these problems. Italy was a big hope to the Euro zone and now it faces the worst economical situation ever. Help must come out of this zone and in my opinion if UK delays joining the Euro, it will suffer a greater loss. The sooner the better, that the UK joins the EU.
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