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Brexiteers in meltdown after crowds wave EU flag at Last Night of the Proms
(leftfootforward.org)
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It may have changed recently, but my understanding of it is that you are expected to aim to join the Euro but there is no set timescale.
The ECB summary seems to indicate that they would rather a country is in a stable, fit condition before adopting the Euro. (We probably have Greece circa 2008 to thank for that.)