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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 53.2% voting no and 46.8% voting yes.
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Denmark uses the krone as its currency and does not use the euro, having negotiated an opt-out from participation under the Edinburgh Agreement in 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.
Denmark originally obtained four opt-outs from the Maastricht Treaty following the treaty's initial rejection in a 1992 referendum.These opt-outs are outlined in the Edinburgh Agreement and concern the Economic and monetary union (EMU), the Common Security and Defence Policy (CSDP), Justice and Home Affairs (then JHA, now PJCC) and the citizenship of the European Union.
Apple on Tuesday lost its last bid to avoid paying 13 billion euros ($14.34 billion) in back taxes to Ireland, in a finale to a dispute with the European Union that centered on sweetheart deals ...
Furniture giant IKEA has agreed to pay 6 million euros ($6.5 million) towards a government fund compensating victims of forced labour under Germany’s communist dictatorship, in a move ...
(Reuters) -Hungary will have to pay a 200 million euro ($216 million) fine for not implementing changes in its policy of handling migrants and asylum seekers at its border, the EU's top court said ...