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Denmark and the euro : ウィキペディア英語版
Denmark and the euro

Denmark uses the krone as its currency and does not use the euro, having negotiated the right to opt-out from participation under the Maastricht Treaty of 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. The Danish krone is part of the ERM-II mechanism, so its exchange rate is tied to within 2.25% of the euro.
Most of the large political parties in Denmark favour the introduction of the euro and the idea of a second referendum has been suggested several times since 2000. However, some important parties such as the Danish People's Party, Socialist People's Party and Red–Green Alliance do not support joining the currency. Public opinion surveys have shown fluctuating support for the single currency with majorities in favour for some years after the physical introduction of the currency. However, following the financial crisis of 2008, support began to fall, and in late 2011, support for the euro crashed in light of the escalating European sovereign debt crisis.
Denmark borders one eurozone member, Germany, and one EU member that is obliged to adopt the euro in the future, Sweden.
== Status ==
The Maastricht Treaty of 1992 required that members of the European Union join the euro once certain economic criteria had been met. However, the treaty gave Denmark the right to opt-out from participation, which they subsequently did. Denmark meets all five criteria and could join the euro if it chooses.〔(Travel Document Systems – Denmark Economy ): ''Denmark meets, and even exceeds, the economic convergence criteria for participating in the third phase (a common European currency–the euro) of the European Monetary Union (EMU)''〕
The krone has been part of the ERM II mechanism since 1 January 1999, when it replaced the original ERM. This implies it is required to trade within 2.25% either side of a specified rate of 1 euro equal to 7.46038 kroner (making the lower rate 7.29252 and the upper rate 7.62824).〔(Upper and lower limits of the exchange rate of the DKK )〕 This band, 2.25%, is narrower than the 15% band used for most ERM II members. However, the exchange rate has kept within 0.5% of the defined rate, even less than the set limits.〔The lowest and highest rates as posted by the ECB are 7.4234 (0.49% below) and 7.468 (0.1% above) kroner per euro, posted on 25 April 2003 and 18 September 2000 respectively. See () (previous rates: CSV zipped).〕 The independence of the Danish central bank is therefore limited in practice. Its aim is to keep the krone within this exchange rate band. This policy marks a continuation of the situation that existed from 1982–1999 with regard to the Deutsche Mark, which provided a similar anchor currency for the krone. The ECB is also obliged to help protect the Danish currency in the case of speculative attacks.


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