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| Source:Euro News- Prime Minister David Cameron (Conservative, England) United Kingdom. |
"Euronews is a pan-European pay television news network, headquartered in Lyon, France. The network began broadcasting on 1 January 1993 and aimed to cover world news from a pan-European perspective.
It is jointly owned by several European and North African public and state-owned broadcasting organizations, and is currently majority-owned (88%) by Media Globe Networks, led by Egyptian billionaire Naguib Sawiris, who is the chairman of the supervisory board. It is also a provider of live streaming world news, which can be viewed in many countries (but not in the USA) via its website, on YouTube, and on various mobile devices and digital media players."
From Wikipedia
"There have been tough words from the British prime minister at the annual Conservative Party conference, where David Cameron defended his government's economic policies. "The threat to the world economy and to Britain is as serious as in 2008 when world recession loomed. The euro zone is in crisis, the French and the German economies have slowed to a standstill. Even mighty America is questioned about her debts. The only way out of a debt crisis is to deal with your debts. Euro News"
From Euro News
For one, Britain acted on there's a lot earlier and the Cameron Government has paid a large price for that politically. And the European Union is still trying to decide how to move on their debt and deficit issues and get them under control.
Greece is probably in worst shape then anybody and having to deal with the International Monetary Fund (or IMF) Had Britain been part of the EMU all along, they would probably be in the same shape as Europe, because they wouldn't of ever been able to act as quickly.
So when Prime Minister David Cameron says that Britain will never be part of the Euro (at least while he's Prime Minster of the United Kingdom) he's dead on and monetary policy is just one reason.
Britain used to be an empire the most powerful country in the world. That of course has lost a lot of that power the last two hundred years. While the European Union has gained a lot of power the last sixty years and if they were to ever unify and become a nation state would be one of the top two most powerful countries in the World. After the get their debt and deficits under control.
The United Kingdom still sees itself as a world power and to a certain extent still is. More influential than Germany, France, Italy and their other European neighbors on their own and want to hold on to that power on their own. Besides, the United Kingdom just Mainland Britain, is made up four people's with their own lands: England, Scotland, Wales, and North Ireland. And at least three of them would like their independence from the United Kingdom. Similar feeling that Americans have before their Revolutionary War that led to the United States being formed.
The last things that the English, Scottish, Welch, and Irish want is to go from being part of one empire. In the United Kingdom to another in the European Union, or United Federation of Europe, or whatever Europe would call themselves. But the United Kingdom would be a great ally with this new Federal Republic, if Europe ever united, because they have similar interests and issues they both have to deal with.
As long as the the European Union has the EMU or one day even unifies, the UK will still be the UK a separate country on their own. As they should be, they do very well on their own. And are still a world power with plenty of influence and are still the United States strongest ally not including Canada.
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