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euro
(04/11/08) -

Danes Would Adopt Euro as Currency

(Angus Reid Global Monitor) – Most people in Denmark would embrace dropping the krone and using the common European currency, according to a poll by Greens Analyseinstitut published in Borsen. 55 per cent of respondents would vote in favour of adopting the euro in a referendum.

(Angus Reid Global Monitor) – Most people in Denmark would embrace dropping the krone and using the common European currency, according to a poll by Greens Analyseinstitut published in Borsen. 55 per cent of respondents would vote in favour of adopting the euro in a referendum.

In May 1993, Denmark adopted the European Union (EU) Maastricht Treaty with four exemptions: the adoption of a single European currency, joint defence, judiciary cooperation—which allows Denmark to have its own immigration and asylum policy—and European citizenship.

Danish prime minister Anders Fogh Rasmussen of the Left, Liberal Party of Denmark (V) has said he wants to put the four EU exemptions to a nationwide vote in 2009. Danish voters rejected the euro in a September 2000 plebiscite.

Denmark’s krone is practically pegged to the euro. The Danish Central Bank allows the national currency to fluctuate by 2.25 per cent from a set rate against the euro.

On Mar. 31, Rasmussen referred to the existing policy, saying, "De facto, Denmark participates in the euro zone but without having a seat at the table where decisions are made, and that’s a political problem. (…) It’s a loss of influence and is in contradiction with basic Danish interests, and this is the reason why I would like to abolish the euro opt-out."

Polling Data

How would you vote if a referendum on whether Denmark should adopt the euro took place today?

Yes to the euro

55%

No to the euro

38%

Not sure

7%

Source: Greens Analyseinstitut / Borsen
Methodology: Telephone interviews to 1,159 Dane adults, conducted from Mar. 31 to Apr. 2, 2008. No margin of error was provided.