Yes, but Denmark is the only remaining country that has a rule that allows it forever. The other 5 are required to adopt it in a delayed schedule when they pass certain membership criteria.
That’s what Sweden has been doing yes. However it very much is a “mutual understanding” type situation where Sweden is very attached to the SKE and the EU just doesn’t really want to bother due to the situation being low-stakes high-friction. The UK also fits all criteria for “must use the Euro”, but would not benefit from the same “mutual understanding” that Sweden does because the stakes for the Euro would actually be very large. It is quite unlikely that the EU would just bend the rules and let the UK keep their own currency this time. It is also quite unlikely that the British public would even come close to accepting the Euro.
Regardless of your position on the matter, remember that Brexit negotiations completely broke down multiple times over much, much simpler and lower-stakes questions. The British Ego is at least as large as the French’s, and if four years of Brexit should have taught us anything it’s that they have extremely unrealistic expectations and actually think that the EU should bend over backwards to have them back.
I believe some other countries also keep their currency.
Yes, but Denmark is the only remaining country that has a rule that allows it forever. The other 5 are required to adopt it in a delayed schedule when they pass certain membership criteria.
https://european-union.europa.eu/institutions-law-budget/euro/countries-using-euro_en
It’s extremely unlikely the UK would be allowed to keep the pound if they rejoined as they already meet those criteria.
I think the other countries can effectively kick the can down the road for as long as needed. you do know your onions though.
That’s what Sweden has been doing yes. However it very much is a “mutual understanding” type situation where Sweden is very attached to the SKE and the EU just doesn’t really want to bother due to the situation being low-stakes high-friction. The UK also fits all criteria for “must use the Euro”, but would not benefit from the same “mutual understanding” that Sweden does because the stakes for the Euro would actually be very large. It is quite unlikely that the EU would just bend the rules and let the UK keep their own currency this time. It is also quite unlikely that the British public would even come close to accepting the Euro.
Regardless of your position on the matter, remember that Brexit negotiations completely broke down multiple times over much, much simpler and lower-stakes questions. The British Ego is at least as large as the French’s, and if four years of Brexit should have taught us anything it’s that they have extremely unrealistic expectations and actually think that the EU should bend over backwards to have them back.
I think that accepting the euro would also be a way to ensure that the UK is locked in more
But great analysis
What I do consider possible though is a compromise that will introduce national backsides on Euro notes so they can have the King’s mug on it.