Bloomberg: Denmark Should Cut Loose From Euro (user search)
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  Bloomberg: Denmark Should Cut Loose From Euro (search mode)
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Author Topic: Bloomberg: Denmark Should Cut Loose From Euro  (Read 3772 times)
AdamHyde
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« on: June 03, 2015, 11:04:52 AM »

I hate to say it, but Denmark already has an opt out on the Euro. Denmark is one of only two EU members that aren't legally obligated to joint the Eurozone, the other being the UK.

From what I understand of Danish politics, all political will to join the Eurozone evaporated after 2008. However, pegging their currency to the Euro is still beneficial and allowing it to float freely may lead to a run on the currency - like it did when the UK left the ERM. It would be a mistake to think that the Danish actually want to join the Eurozone, rather than just maintain such relative stability to maximise benefit from the Eurozone.
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