The loophole is, joining countries are to adopt the euro, there is however no defined time limit to that, no deadline. A country could be “getting around to it” permanently.
Every EU member but Denmark is obliged to adopt the Euro and the days of granting exceptions on accession are over.
On the contrary, the EU will make sure that the UK isn’t going to pull a Sweden and deliberately fail the Euro criteria just to avoid adopting it on a technicality.
What might happen is introducing national backsides for Euro notes so you can have your King’s mug on yours. We’re not monsters after all.
“The pound is strong.” Keep telling yourself that, mate. Reality disagrees with you, the pound knows only one direction vs USD and EUR, and that is down
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Well, maybe the EU won’t give them a choice if they want to join. Every new joiners adapts to the euro, why should the UK be special?
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The loophole is, joining countries are to adopt the euro, there is however no defined time limit to that, no deadline. A country could be “getting around to it” permanently.
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Every EU member but Denmark is obliged to adopt the Euro and the days of granting exceptions on accession are over.
On the contrary, the EU will make sure that the UK isn’t going to pull a Sweden and deliberately fail the Euro criteria just to avoid adopting it on a technicality.
What might happen is introducing national backsides for Euro notes so you can have your King’s mug on yours. We’re not monsters after all.
While Denmark does have an exception from adopting the Euro, the DKK is pegged against it, and has been since 1999.
“The pound is strong.” Keep telling yourself that, mate. Reality disagrees with you, the pound knows only one direction vs USD and EUR, and that is down
https://www.keycurrency.co.uk/wp-content/uploads/2021/08/GBP-to-EURO-Chart.png
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109.1j of the Maastricht Treaty.