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The euro

The change from 12 currencies to just one across much of Europe has gone remarkably smoothly since the euro was introduced on 1 January.

‘Things are looking good for the fledgling currency,’ said the BBC online’s Jonty Bloom, who was in Europe for the launch.

He commented: ‘In one fell swoop 12 currencies have been abolished and replaced with just one covering 300 million people, and that is likely to grow.

‘Denmark, Sweden and even the UK could join in the next few years and then there are the applicant countries like Poland and Hungary, which are knocking on the door of the EU. They could be in the euro by 2007.’

So where does that leave the UK? Are we missing the party or will Britain’s non-membership prove the right move.

Click on the links below to follow the story of the new single currency and remember you can have your say of the single currency by emailing comment@accountancyage.com.

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