a quick note on single currency and the e.u. i found this article about japan and a single e.u. style currency
[, Likely to be a renewed call from Japan for 16 countries in Asia and Australasia to create an EU-style single currency area which would — if it gets off the ground — fundamentally change the global balance of power.
The 10-country ASEAN bloc (Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam) is already committed to establishing a single market and manufacturing base by 2015 as well as expanding trade and economic links to regional trading partners such as China and India.
Japan's more ambitious plans include the adoption of a single currency and the creation of a far larger trading bloc taking in not just ASEAN countries but all countries of the East Asia Summit, which brings ASEAN together with Australia, China, India, Japan, New Zealand and South Korea.]
others are watching and copying the e.u. goals. why do some people in Britain think they would be better of alone. how could you stand up to these big trading blocks. and a small currency. if japan gets there way and creates a single currency it would put great strain on the dollar. and other smaller currencies including the pound