Niall Ó Conghaille and Mike Galsworthy discuss the Euro and its role in the rejoin process. This is what I think.
While I agree, that for the UK to rejoin the European Union it is necessary for them to agree, in good faith, to join the euro. …
Your arguments in favour of the EU insisting that the UK agree to join the Euro do not address the embedded macroeconomic theory within the stability and growth pact.
The ECB has a mandate to pursue price stability before growth or employment. That is a choice, and one that should be taken democratically, not embedded in an almost impossible to change treaty.
The financial tests of the Euro are deflationary and currently many of the large countries inc. Euro members fail to meet the criteria because they, i..e the criteria are bonkers or to use a more professional term, the democratically elected governments, with time-limited terms have decided that it is not in the interests of, nor supported by their voters.
It would be useful if advocates of the Euro spoke of these disadvantages; you ask us to support the Euro, in fact suggest that negotiations will fail unless we agree to join, but austerity economics is high price to pay. It would help if those who agree said so and held out a prospect for change.