THe French Republic also holds a seat on the Security Council last I checked. Why does the European Union not take over the French seat rather than the British seat? Did France win some war (ever) and win double representation through the peace treaty? France suffered humiliating defeat even by its own standards and consequent virtual obliteration during the last major European war while Britain survived, regrouped, and mustered the resolve to ally with America and rescue France from the evil Nazi regime.
So will France now surrender its Security Council seat? India could use a seat given its enormous population, historic civilization, military prowess, and large economy. And why not Japan? Why does Russia today warrant a seat but not Japan?
Europe should have one - not more not less.