The possible effects of the UK entry into the Euro on foreign trade and foreign direct investment in the country.

The Euro has been in years in the making. The Treaty of Rome (1957) declared a common European market as a European objective with the aim of increasing economic prosperity and contributing to "an ever closer union among the peoples of Europe". The Single European Act (1986) and the Treaty on European Union (1992) have built on this, introducing Economic and Monetary Union (EMU) and laying the foundations for our single currency. The third stage of EMU began …

…nation. No doubt that there are benefits involved, but there are also many uncertainties and foreseeable problems. If the government does decide to go ahead and establish this single currency, it will be the biggest major monetary changeover the UK has ever gone through. Bibliography http://www.euro.ecb.int/ - Euro 2002 Information Campaign The EURO. Should Britain Join? YES or NO? - Browne, A (2001), Icon Books Britain, Europe and EMU - Eltis, W (2000), Macmillan