Denmark got an official permission to remain out of Euro, BTW!
Sweden didn’t. Instead, evey so often, for a very short time, they “accidentally” make their currency’s exchange rate fluctuate just a tiny bit more than allowed, meaning the currency is not stable enough and they are forbidden to join the euro :D
“Oh, you were doing so well for 364 days. What a coincidence that just on your last day of your probation this happened to you. Again.”
Yeah I thought it was something like that. So if the EU did offer membership terms to the UK, I wonder whether it would be “you have to join the euro within 5 years”, or whether it would be “you’re supposed to join the euro but you can postpone it forever like Sweden does”. I guess it’s unlikely that Denmark’s opt-out from the euro would be offered to any other country because it hasn’t been offered to recent countries.
I think it would be “you need to join Euro within 5 years”, but there are no sanctions for your currency being too unstable for 0.1 % of the time and you thus being refused admittance to the Eurozone. The admittance must be refused under those circumstances – according to the current rules. They can.of course be changed, but that will then affect everyone, including Poland, UK, Czechia and Sweden (but not Denmark, because it has been relieved of that requirement).
Denmark got an official permission to remain out of Euro, BTW!
Sweden didn’t. Instead, evey so often, for a very short time, they “accidentally” make their currency’s exchange rate fluctuate just a tiny bit more than allowed, meaning the currency is not stable enough and they are forbidden to join the euro :D
“Oh, you were doing so well for 364 days. What a coincidence that just on your last day of your probation this happened to you. Again.”
It’s something of a mad game they are playing :D
Yeah I thought it was something like that. So if the EU did offer membership terms to the UK, I wonder whether it would be “you have to join the euro within 5 years”, or whether it would be “you’re supposed to join the euro but you can postpone it forever like Sweden does”. I guess it’s unlikely that Denmark’s opt-out from the euro would be offered to any other country because it hasn’t been offered to recent countries.
I think it would be “you need to join Euro within 5 years”, but there are no sanctions for your currency being too unstable for 0.1 % of the time and you thus being refused admittance to the Eurozone. The admittance must be refused under those circumstances – according to the current rules. They can.of course be changed, but that will then affect everyone, including Poland, UK, Czechia and Sweden (but not Denmark, because it has been relieved of that requirement).