Abstract
The Euro was introduced as a single currency on January 1st, 1999 in the European Union and replaced national currencies. Put in circulation on January 1st, 2002 under its fiduciary shape, the Euro succeeded the European Currency Unit (ECU), established in 1979. The Euro is today common to sixteen member states, which forms the Euro area. This currency is presented as the guarantor of stability and prosperity in Europe. The Euro appeared in a particular context, the crisis of the 1970s marked by the inflation and monetary laxness. The monetary policy of the Euro area is fixed by the European Central Bank (independent institution, created in 1992 by the treaty of Maastricht which has for main objectives to fight against the inflation). The United Kingdom did not adopt the Euro and preserved its national currency, the pound sterling. It profits with Denmark from a clause of exemption allowing them not to adhere to the area. But the question, very taboo and political, about the possible adoption of the euro by the United Kingdom begins to resurface. So, we are lead to wonder if the United Kingdom will be one day a member of the Euro area. Furthermore, is it ready to adopt Euro?
