The population of EU member Denmark had opted out of the common monetary policy, EU military policy, and police and legal cooperation in 1993 after voting against the Maastricht Treaty. A referendum on the introduction of the EUR in September 2000 resulted in a majority rejection. Euro opponents in Denmark enthusiastically celebrated this “victory.” The European institutions and especially the ECB in Frankfurt were showered with scorn after the vote. However, the exchange rate of the Danish krone remained firmly pegged to the EUR under Exchange Rate Mechanism II. – The government postponed a new referendum scheduled for September 2008 indefinitely, not least because opinion polls again predicted a majority against the introduction of the euro. Just one month later, on October 27, 2008, the ECB, which many Danes had scolded, had to support Denmark with EUR 12 billion so that the government could keep the ailing domestic banking system afloat.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/