Denmark and the euro

Common card · No. 367272

Denmark uses the Danish krone as its official currency. While it is a member state of the European Union, it has not joined the eurozone or adopted the euro. The country 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 53.2% voting no and 46.8% voting yes. The Danish krone is part of the ERM II mechanism, so its exchange rate is tied to within a 2.25% range of the euro. Several Danish political parties favour adopting the euro, and a second referendum has been proposed 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 the majority in favour for a few years before the 2008 financial crisis, with support falling further due to the euro area crisis in 2011...

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