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<p>[QUOTE=&quot;chrisild, post: 1668902, member: 39&quot;]The EEC and then EU has also been about a common currency for a few decades, see e.g. the Werner Plan from the early 1970s. The Maastricht Treaty (effective 1993) not only founded the European Union but also had provisions regarding the currency union. Back then, Denmark and the UK first said No, then got their &quot;opt-out&quot;. Today the Danish krone is in the Exchange Rate Mechanism (ERM-II) with a minuscule fluctuation band; the British pound has nothing to do with the euro. All other member states are basically (hmm, theoretically <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ) required to join the currency union once they meet the convergence criteria. Trying to force them in would be silly though, so there are many ways, for a country that wants to stay out, to stay out.</p><p><br /></p><p>By the way, Greece was not among the &quot;initial eleven&quot; but joined the currency union two years later, in Jan 2001. And while I find it ridiculous how some in Greece, Cyprus and the UK try and demonize the German government now, we should not forget that a few years ago France and Germany were among the first countries that insisted on interpreting the stability criteria a little more flexibly ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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