European Tribune - Comments - Is the Euro doomed, too?

Is the Euro doomed, too? | 94 comments (94 topical, 0 editorial, 0 hidden)

Re: Is the Euro doomed, too? (none / 1)

It's the other way around. Denmark can join overnight, Sweden has to stabilise the exchange rate first. Denmark has an exemption that permits us to fulfil all requirements for membership without joining. Sweden doesn't, and so have to deliberately fail to fulfil at least one requirement if they don't want to join.

But under the Danish EMU-II½ membership, the ~~Bundesbank~~ ECB guarantees our currency anyway.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Oct 7th, 2008 at 06:34:36 AM EST
[ Parent ]

Re: Is the Euro doomed, too? (none / 0)

Right, I forgot about that. I may have even pointed it out to you at some point... I need coffee :-)

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Oct 7th, 2008 at 06:47:21 AM EST
[ Parent ]

Is the Euro doomed, too? | 94 comments (94 topical, 0 editorial, 0 hidden)

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