Danish Central Bank Governor: We have to think about joining the (euro) area

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Copenhagen on September 5/ WAM/ Christian Kittel Tomsin, Governor of the Danish Central Bank, said that the Danish should think about joining the European Unified Currency Zone (the euro) if they want to play a greater role in the European Union, and suggested that such a step could be holed up more against global turmoil.

The governor of the Danish Central Bank said in televised statements that Denmark is “indeed a country in the euro area” from the total economy perspective due to the policy of linking foreign currencies, but the adoption of the unified European currency will allow it “to play a greater role in decision -making, and to be more integrated” in the field of regional cooperation.

He added: “We are participating in cooperation with the European Union in general, but the European Central Bank or the euro represent an important part of this cooperation.”

Thomsin said that the decision to join the unified European currency in the end is a political decision, noting that “a very large majority of the people” supports the existing arrangements for stabilizing the exchange rate.

He stated that joining the euro area may provide additional protection in the face of global turmoil, noting that “some may think that if the world becomes more mysterious, the rules of the game will become less clear, and it cannot depend on that everyone will follow these rules, and therefore you, as a small country, will become more secure in the event of joining others.”

“Denmark” decided not to join the euro area in 1992, and this position was confirmed during a referendum conducted in 2000, which is among the six countries in the European Union, the European currency did not adopt, and Danish voters show the greatest skepticism about joining the eurozone.