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1. Contents

2. Executive summary 2
3. Terms of Reference 2
3.1. Scope 2
3.2. limitations 2
3.3. Intended Audience 2
4. Methodology / Procedures 2
4.1. Research 2
4.1.1. How the information was collected? 2
4.1.2. Where the information was collected from? 2
4.1.3. What quantity of information has been collected? 2
5. Finding / Analysis 3
5.1. Exchange rates 3
5.2. Members 3
5.2.1. Convergence Criterion 3
5.3. The Five Tests 4
5.4. Euro Timetable 4
5.5. Economic Arguments against joining the euro 4
5.5.1. Risk of deflation and higher unemployment 4
5.5.2. Euro not an optimal currency zone 4
5.5.3. Loss of monetary policy autonomy 5
5.5.4. Demand for European Fiscal Transfers 5
5.6. Political Arguments against joining the Euro. 5
5.6.1. Euro-zoning 5
5.6.2. United States of Europe 5
5.6.3. Political Power 6
5.6.4. Health Service 6
5.7. Economic Arguments For Joining the Euro 6
5.7.1. Lower transactions costs 6
5.7.2. Increased trade and investment 6......

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Approximate Word Count: 2962
Approximate Pages: 12 (250 words per double-spaced page)

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