Purchase Solution

Member EU States that have adopted the Euro

Not what you're looking for?

Ask Custom Question

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?

Purchase this Solution
Solution Summary

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.

Solution Preview

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 ...

Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Pros and cons of regional intergration of the EU

    (Caxtonfx, 2007) When the euro came into being, monetary policy became the responsibility of the independent European Central Bank (ECB), which was created for that purpose, and the national central banks of the Member States having adopted the euro

  • Explain the assimilation of EU and Euro

    • Competitive funding is also a benefit for many countries (and companies) that adopted the euro.

  • management

    The advantages that EU gives to its members are as follows: // The highlight of the formation of European Union was the formulation of single currency namely 'Euro'. It was applicable for all the member countries of EU.

  • Maastricht Treaty provisions

    Attempts to create a common social or political agenda included in the treaty, but were modified extensively before the treaty was ratified in 1993. Provisions for assistance to poorer EU member states was also part of the treaty.

  • The perils of convergence

    Hi There, Here are my thoughts regarding your queries: The adoption of the euro will have beneficial results for the economies of all Member States, bringing in particular, stability, low interest rates and a zero exchange risk.

  • The European Union and its Member States

    Another thing which the EU has done for its member states is that, it bans all forms of discrimination.

  • International Currency: Dollar, Euro or IMF's SDR

    EU member nations have doled out too little fiscal stimulus, too late. Well before all this, the euro itself was arguably sapping Europe's economic vigor.

  • European Union Effects of Creation of the Single Market

    - The Schengen treaty allowed removal of internal border controls and harmonisation of external controls between its member states. This excludes the UK and Ireland, which have derogations, but includes the non-EU members Iceland and Norway.

  • Globalization - Regional Integration

    d) Trade Diversion: The Regional Integration also gives birth to the Trade Diversion. Due to the pact, the members have to stop trading with the non-member countries.

View More Related Solutions