Poster un message

The next step for European monetary integration was the entrance into the third stage of the EMU with the adoption of the Euro. Denmark would not enter the third phase of the EMU with the opposite EU countries as a result of choose-out of the EMU and would subsequently not undertake the widespread foreign money. The currency was then pegged in opposition to the German D-mark. The most vital reform was the decision to go for a fixed exchange price coverage in 1982 and the federal government stopped devaluating the Danish foreign money. Furthermore, the ESCB does not defend the Danish (...)