Assess the arguments for and against a single European currency
             Britain has always been the troublesome partner in the relation with the rest of Europe, whether it is because of the indecisiveness shown in the leaders involved with the Union such as the refusal to enter in the initial stages or because of Margaret Thatcher's reluctance to co-operate if decisions were not in Britain's best interest.
             In 1969 Britain finally became a member of the European Economic Community after being vetoed twice by the French leader De Gaulle, as he was unsure of Britain's commitment to the Union. This and the difficulties caused by leaders such as Margaret Thatcher for the rest of the E.E.C. suggests that there may be still some animosity between the leadership especially if Britain keeps on postponing any decisions about the Euro.
             Traditionally a nation of Euro sceptics, much of Britain is opposed to joining the single currency and is backed by a reactive Conservative leader and some sections of the party. The recent European election showed clearly the Conservative Party's opposition to Britain becoming too involved with Europe. The hype that the Conservative Leader has set around his campaign in these elections would have stirred public opinion against the Euro, as he continually argued about the loss of national identity. If Tony Blair continues with integrating Britain into the single currency against the majority of the public's wishes, it may be likely that he will lose the next election if the nation continues to be plagued with damning reports about the effects of the Euro.
             One of the main problems the Government will have to deal with is to convince the general public of the benefits of the Euro. As we this country seems to have a general sense of 'Britishness' rather than Europeanism it may be difficult to convince them that being European is the way forward. Few people know of the overall benef...