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I'm surprised they didn't mention Sweden doing relatively well in the recent crisis compared to Denmark due to being outside the Euro.


Denmark doesn't have Euro.


The Danish DKK is closely tied to the exchange rate of the euro (+- 2.25 pct) due to being a part of ERMII, see http://en.wikipedia.org/wiki/European_Exchange_Rate_Mechanis...


Yes, but having your currency tied to the Euro isn't a problem. (Quite the opposite, if the majority of your trade is to the Eurozone. It's what Switzerland ended up doing to prevent the CHF from getting too strong and killing exports). Actually being in the Euro means having to take over an ever increasing proportion of debts of other, possibly mismanaged countries. That's what's going to kill the few remotely healthy Eurozone members.


True, but our currency is tied to the Euro: https://en.wikipedia.org/wiki/Danish_krone#Relationship_to_t...


Why are you so sure that is the reason?




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