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By 2000, the EU finally allowed it to join, though there were suspicions at the time that Greece was operating a "limbo dance" – squeezing its figures to hit the stringent euro criteria, only for them to flip back to dangerous levels once it had entered. Indeed many believe Greece simply lied about its figures to gain entry.
I also have a great distaste for how the UK has negatively influenced the EU evolution (what I see as doing the sap work for the US).
In any case a collapse of the euro-zone would reduce even more the exports you can still make, and put the spot light finally in the nations that are at the core of the debt crisis the US and the UK (they are the original sinners on this spiral of national debt policy, most of the other had to fallow suit if for nothing else, to be able to compete).
Of course that Greece was doomed from the beginning all EU knew it, and failed to take actions.
These contributed to convincing the Argentinian Junta into believing that Britain would try to resolve the issue diplomatically and would not resort to military action so far away from mainland UK.
Yes, it would reduce our export market, but as it's so small now the impact would be less for the UK than it is for other nations that rely on their exports.
In this case my understanding was that Argentina thought that it held military strategic superiority
(and it had until the the US pressured France to stop arm supplies, in particular of missiles).
The high rate of Euro-skepticism in the United Kingdom is no secret, they excluded themselves from the Euro, CAP (Common Agriculture Policy ?) and do their utter most to drag and delay any steps toward federalism or fixing what is wrong with the EU (bureaucracy, lack of representation). Prepare For Euro Collapse Says Bank of England- 1st Dec 2011
Great team players (NOT) imagine if all EU countries did the same scaremongering about the dollar and the pound...
Brussels Paper: “Why We Hate the British” 2005
The UK still have an anti German (thus 'anti European') bias since WWII and the UK has linked its future to the USA since then in all geopolitical stances. The EU is secondary and perceived as foreign interference.