Reluctant EU members : (title) / the politics and economics of the euro debate in Great Britain, Denmark, and Sweden

Abstract

The first months of 2000 marked an important step in the process of European integration as twelve of the fifteen members of the European Union (EU) adopted the euro, the new European single currency. As the common monetary unit of this supranational institution the euro is intended to achieve stability in exchange rates in Europe. However, Great Britain, Denmark, and Sweden have not adopted the euro thus far although all three countries meet the essential economic prerequisites for membership in the European Monetary Union (EMU).

This study explores the main issues of the debate in support of and in opposition to EMU membership in each country. The main arguments of euro 's critics are about loss of sovereignty as national governments surrender a large part of their decision-making on monetary and fiscal policy, while euro supporters point to economic benefits deriving from membership such as exchange rate stability and a strong single European currency. The conclusion of this study is that the main issues of the debate are along similar lines in all three countries, however, in the case of Great Britain there is an emphasis on issues related to monetary policy while in Denmark and Sweden there is an emphasis on issues related to fiscal policy. This may be due to the specific historical context relevant to each member state's relation to the EU and to different institutional procedures in each country for deciding EMU membership.

Notes

This item is only available in print in the UCF Libraries. If this is your thesis or dissertation, you can help us make it available online for use by researchers around the world by STARS for more information.

Thesis Completion

2007

Semester

Fall

Advisor

Kinsey, Barbara

Degree

Bachelor of Arts (B.A.)

College

College of Sciences

Degree Program

Political Science

Subjects

Dissertations, Academic -- Sciences;Sciences -- Dissertations, Academic; Economics

Format

Print

Identifier

DP0022166

Language

English

Access Status

Open Access

Length of Campus-only Access

None

Document Type

Honors in the Major Thesis

This document is currently not available here.

Share

COinS