Britain's Resistance To The Euro

Abstract: 7 pages in length. Nearly one thousand years of monetary consistency is a long time for any currency to exist, which is why Britain is so resistant to accepting the new and unifying aspect of the European Euro expected to take hold and challenge even the most secure of global currencies, including the American dollar. After World War II, nearly every global currency felt the detrimental impact of postwar attempts to once again bolster the world's economy, with the Bretton Woods system at the forefront of this most difficult time. Now that the Euro is destined to become the primary standard of European currency, Britain continues to stand firm upon its conviction that it will not surrender the pound sterling for another monetary system it deems as a very real concern to British strength; however, speculation contends that Britain's political and economic influence throughout Europe will remain peripheral if it remains outside the Euro. Bibliography lists 9 sources.

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Subcatagory: European History

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