Denmark is a European country that opted not the Euro currency. Talk about the main reason the EU member voted no. Find other countries that are also EU member but have not chosen to the Euro currency - list a few and discuss the main forces driving this decision. Who has adopted the EMU (European Monetary Unit-Euro) and who has not?© BrainMass Inc. brainmass.com October 17, 2018, 12:14 pm ad1c9bdddf
Denmark uses the 'krone' as its standard currency. After having negotiated an opt-out from participation under the Edinburgh Agreement in 1992, in 2000, the government held a referendum on introducing the Euro, which was defeated with 46.8% voting yes and 53.2% voting no (Business.dk). The Euro can be used in some locations in Denmark, usually in places catering to tourists, such as museums, airports and shops with large numbers of international visitors.
Anti-Euro proponents opposed integrating into the Euro currency because they primarily wanted to ensure Danish economic supremacy (Business.dk). The Euro is not the currency of all ...
This response involves the understanding of European states and their adoption of the Euro currency, to include member states that have not adopted the currency.
Advantages and disadvantages of regional intergration of the EU
What are the advantages and disadvantages of regional integration of the EU and what are the economic developments of the EU to potential business opportunities?View Full Posting Details