Economic Developments: Brown's Tests for the Euro

Question 1

When did all EU nations other than 3 (including the UK) go under the Euro? (To the month)

Answer 1

January 2002

Question 2

What did Brown fear with Britain adopting the Euro?

Answer 2

It would put Britain into a recession

Question 3

Why did Blair want to accept the Euro?

Answer 3

It would help to put Britain at the heart of Europe

Question 4

What was the main question Gordon Brown asked with the Euro if it was adopted?

Answer 4

If it would be sustainable in the long term for Britain

Question 5

What test did Brown do with the Euro in terms of investments?

Answer 5

If adopting the Euro would impact long-term investments into Britain

Question 6

What test did Brown do with the Euro in terms of Britain’s financial services position?

Answer 6

If adopting the Euro would impact Britain’s financial services position

Question 7

Which area in Britain involved a lot of high-ranking financial services?

Answer 7

London

Question 8

What test did Brown make with the Euro in terms of problems faced by it?

Answer 8

If Britain would be able to deal with any problems faced with adopting the Euro

Question 9

When did Brown conclude the Euro should not be adopted by Britain?

Answer 9

2003

Question 10

What was inflation at for most of the 1997-2007 period?

Answer 10

2.5%

Question 11

Why might Brown not have wanted to adopt the Euro in terms of inflation stability in Britain?

Answer 11

Inflation at this time was quite low