Iceland is facing a major decision, with a referendum on their potential EU membership, which will be held by 2027. This debate touches upon issues such as immigration, economics and sovereignty. But…
The UK and Denmark joined before the Euro was a thing, and thus, were allowed to stay out. No other country that joined after 1999 ever got an opt out, because this is not legal anymore.
Poland doesn’t have the euro and can basically stall forever with no consequences. What are they going to do, throw em out? For having their own currency?
This question gets asked every time. The official position is that noone is allowed to stall forever (except denmark). Unofficially it has been recognized that Sweden joined before the euro and they’re seen as exceptional compared to Poland, Hungary, Czechia and Romania. These four countries are the focus of the ECB, but, to answer your question, since none of them meet the economic criteria yet, there hasn’t been much push from Frankfurt, since their economies aren’t stable enough for monetary union.
It’s literally a 5 minute Google search.
The UK and Denmark joined before the Euro was a thing, and thus, were allowed to stay out. No other country that joined after 1999 ever got an opt out, because this is not legal anymore.
Poland doesn’t have the euro and can basically stall forever with no consequences. What are they going to do, throw em out? For having their own currency?
This question gets asked every time. The official position is that noone is allowed to stall forever (except denmark). Unofficially it has been recognized that Sweden joined before the euro and they’re seen as exceptional compared to Poland, Hungary, Czechia and Romania. These four countries are the focus of the ECB, but, to answer your question, since none of them meet the economic criteria yet, there hasn’t been much push from Frankfurt, since their economies aren’t stable enough for monetary union.
Sweden and Hungary as well. But who knows if the “no consequences” part stays that way forever.
Who’ll vote on it though? It’ll just be vetoed.