After 2020, all EU members will have to adopt the euro - Telegraph
By 2020, all but five member states of the EU are due to be euro members and Poland is likely to join by then as well, leaving just the UK, Denmark, Sweden and Bulgaria outside.
That means that at some point, perhaps shortly after 2020, with the Eurozone constituted as a confederate Single European State and wanting to use the institution of the EU as its institutions — the European Parliament as its confederation-level Parliament, the Commission as its civil service and so on — the residual nugatory non-Eurozone EU will have to be wound up.
The most likely course is for it to be fused together with the non-EU members of what is called the “European Economic Area” (Norway, Iceland and Liechtenstein). The Single European State will set the rules for the Single Market, and the other members of the European Economic Area will be welcome to trade with each other and with the Single European State provided they abide by those rules.
By 2020, all but five member states of the EU are due to be euro members and Poland is likely to join by then as well, leaving just the UK, Denmark, Sweden and Bulgaria outside.
That means that at some point, perhaps shortly after 2020, with the Eurozone constituted as a confederate Single European State and wanting to use the institution of the EU as its institutions — the European Parliament as its confederation-level Parliament, the Commission as its civil service and so on — the residual nugatory non-Eurozone EU will have to be wound up.
The most likely course is for it to be fused together with the non-EU members of what is called the “European Economic Area” (Norway, Iceland and Liechtenstein). The Single European State will set the rules for the Single Market, and the other members of the European Economic Area will be welcome to trade with each other and with the Single European State provided they abide by those rules.
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