Useful powerpoint on all aspect of the Euro. Essential for questions on exchange rates, trading blocs and interdependency between states.
Possible essay question.
The value of the pound fell from £1 = €1.47 in May 2007 to £1 = €1.18 in November 2008. Examine the factors which might explain this depreciation of sterling against the euro. (20 Marks)
b) The UK is a member of the European Union but has not adopted the euro as its currency. To what extent do the benefits of membership of a monetary union such as the Eurozone outweigh the costs? (30)
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