Question

Identify the benefit associated with the EURO currency as it relates to Brexit.

And Did the Brexit contribute any problems associated creation of the EURO Currency. Please state the problem.

Please cite a reference for your answers

Answer 1

Euro currency will be benefited after exit of Britain from the European union as it has lead to increase in the value of Euros against United States dollars and the currency has benefited from Better trade relationship and it has also lead to better competition among different players and better regulation of the currency so Euro has gained against other major currencies in the world after Brexit had been finalized.

Brexit contributed problems associated with the creation of euro currency because United Kingdom always tried to force its own sterling pound the rather than an adaptation of the Euro as a single currency so brexit was trying to focus upon the stand of great Britain about adaptation of multi currency method and not a single currency method as just Euro so brexit has led to adaptation of sterling Pound as major currency in United Kingdom.

This is a problem related to adaptation of euro as the single currency which was not acceptable to the United Kingdom and it promoted its own sterling Pound to replace Euro.