this post was submitted on 26 Oct 2024
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Europe

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[–] fishpen0@lemmy.world 56 points 1 week ago* (last edited 1 week ago) (1 children)

The most striking in modern discussions is they were allowed to keep their own currency which is why it was so easy for them to leave. They did not have to use the euro and kept the British pound.

They technically were not required to be part of schengen in the original agreement and were allowed to have their own border policy

They paid a lower EU membership rebate compared to its wealth or population than other member countries.

They also had the ability to opt out of rights in the EU charter (which has never actually been exercised)

[–] davepleasebehave@lemmy.world 14 points 1 week ago (1 children)

I believe some other countries also keep their currency.

[–] fishpen0@lemmy.world 30 points 1 week ago (1 children)

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.

[–] davepleasebehave@lemmy.world 9 points 1 week ago (1 children)

I think the other countries can effectively kick the can down the road for as long as needed. you do know your onions though.

[–] azertyfun@sh.itjust.works 2 points 1 week ago (2 children)

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.

[–] davepleasebehave@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

I think that accepting the euro would also be a way to ensure that the UK is locked in more

But great analysis

[–] barsoap@lemm.ee 1 points 1 week ago

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.