Understanding why counrties did not adopt the euro.?
It is my understanding that their were/are 3 counties that did not adopt the euro. What I am not clear on is as to why Denmark did not (or did they?). I believe that at one point they did not but now they do. If this is the case then why did they not adopt in the beginning, but do now. This is confusing and I am seeking clarity. Can you help? Just curious!
Asked By: Curious - 7/18/2012
Best Answer - Chosen by Asker
In Denmark it was because the people voted against it. The government was for it, the unions were for it, the majority of the economic experts were for it. In fact there was a huge and very pushy "vote yes" campaign going on. My mother even received a letter from her union, painting a scenario of thousands of jobs lost... More
Answered By: Voelven - 7/19/2012
Additional Answers (2)
Lucky for them they did not join the Eurozone economy. It was nationalism or sovereignty and not answering to a central bank in Brussels.
Answered By: Flower - 7/18/2012
In the case of the UK the worry was that the Pound would be devalued by 40 per cent . And that there was no safety net if some country had financial problems .
Answered By: Ronald - 7/18/2012
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