The European Union (EU) can trace its history back to the end of WWII. The EU's initial goal was to end the wars between European neighbors, with the idea that by binding the nations together economically and financially, war was less likely to occur.

As one of the largest economies in the EU, the United Kingdom has resisted complete financial and economic integration into the EU by not adopting the euro as its currency. Considering the recent financial crises that hit the EU, support has grown for the status quo. The resistance to adopt the euro has created debate among economists and politicians as to whether this has helped or hindered the U.K. and the EU. Summarize and contrast the main arguments on both sides of the issue.