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- Politics, News & Issues > Politics in the UK UK: Pound vs. Euro
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The Euro was launched with immense anticipation. Every previous currency union in history has ended in tears. The Euro is a step, a necessary step towards full political integration. Only with a common currency can a single economy come into existence and only with a single economy can a single political entity come into existence.
The Euro has many macro-economic and micro-economic arguments in it's favour. It would reduce transaction costs for business dealing with Europe; it would provide price transparency as goods and services are directly price comparable. Also, and most importantly,...
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