Advantages And Disadvantages To Being In The EU And Adopting The Euro

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1. What are the advantages to being in the EU and adopting the Euro (two separate issues)? What are the chief drawbacks (EU and Euro, economic and political)? Why hasn’t England, Norway, Sweden, or Switzerland adopted the Euro?
As part of the European Union, inhabitants are able to live, study and work in any country that belong to the EU without any restriction or barrier. Also, The European Union make emphasis in the workers rights, they obtain benefits of this union as a permit is not requirement to work in any EU country. In addition, laborer force have the same working conditions as the nationals, and the social security or any health coverage can be pass to any country that the worker choose. As Every country issues their own passport, all of them share the same design features such as color and biometria impossible to forge which enforce national security. Free trade and non-costume barriers minimizes costs and prices for costumers. Then, it is easy to export as the safety standars and rules helps to minimize costs for companies.
Likewise, the benefits of using a unit currency make a more …show more content…

Also, There is a vast concentration of larger number of immigrants in some already populated countries such as UK. Not all the countries have the same language which makes difficult to get jobs in other countries. Similarly, the use of the Euro, regulated by ECB as a unique currency means that the interest rates are the same for the whole Zone. Another setback for the Eurozone is the competitiveness because the lack of devaluation. When countries have their own currency, companies can place their products where they may generate a better profit due to devaluation. As well, the continuous increment of the labor salaries in front of economies as Chinese, where workers have low salary, decrease

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