Possible new Euro referendum in Denmark

[minionofmidas]

Apparently, Fogh Rasmussen said he wants Denmark to adopt the Euro and they'll "see" if it's possible to schedule a referendum this year.

Sorry there's no more details. It's just a little blurb in my newspaper. Didn't have anything linking this with the current depression.

[Verily]

Rasmussen's not doing so hot right now, so I doubt he has the political capital to hold a referendum with some parties within his coalition opposed to the euro.

http://www.angus-reid.com/polls/view/32860/social_democrats_edge_ahead_in_denmark

[Jens]

Not very likely at this point. Everybody is occupied with the crisis, the new tax plan (that looks like rubbish) and whether or not Fogh becomes the next NATO general secretary. Add to this that the support for the krone has risen since the crisis hid (no logic in that but that's the Danes) and that EU polls are notoriously unreliable, so low probability at this point. 

[Aizen]

slowly but surely the continent that gave birth to the nation-state is rejecting that practice. countries are giving up their sovereignty. death by a million cuts seems to be the appropriate expression to use here.

[True Federalist (진정한 연방 주의자)]

With the narrow range that the krone is already being limited to, it wouldn't be a major change for Denmark.  Any chance that Denmark might do something sensible and instead of going with the current central peg of 7.46038 DKK = 1 € try to get rid of some decimals and aim for 7.5 DKK = 1 € to make conversion less of a hassle?

[Jens]

slowly but surely the continent that gave birth to the nation-state is rejecting that practice. countries are giving up their sovereignty. death by a million cuts seems to be the appropriate expression to use here.

Bla bla bla

Why do you even bother to post.

[Jens]

With the narrow range that the krone is already being limited to, it wouldn't be a major change for Denmark.  Any chance that Denmark might do something sensible and instead of going with the current central peg of 7.46038 DKK = 1 € try to get rid of some decimals and aim for 7.5 DKK = 1 € to make conversion less of a hassle?

Sensibility has very little to do with this - the vast majority of those who oppose the euro don't really understand the the krone is pegged to the euro. Look at Aizens post to get an idea of what high level the debate is at.
One fairly reasonable concern is a possible price jump. Todays prices are typical 19,95 kr, 99,95 kr etc. It's a bit too easy to convert 99,95 kr to 14,99 € (112,50 kr) 19,95 to 2,99 € (22,50kr) etc. A nice little 10% price dump.

[2952-0-0]

With the narrow range that the krone is already being limited to, it wouldn't be a major change for Denmark.  Any chance that Denmark might do something sensible and instead of going with the current central peg of 7.46038 DKK = 1 € try to get rid of some decimals and aim for 7.5 DKK = 1 € to make conversion less of a hassle?

In normal times they don't look kindly onto devaluations (see the ERM crisis of 1992). In a time like this a tiny devaluation will make all currency traders irrational.

[True Federalist (진정한 연방 주의자)]

With the narrow range that the krone is already being limited to, it wouldn't be a major change for Denmark.  Any chance that Denmark might do something sensible and instead of going with the current central peg of 7.46038 DKK = 1 € try to get rid of some decimals and aim for 7.5 DKK = 1 € to make conversion less of a hassle?

Sensibility has very little to do with this - the vast majority of those who oppose the euro don't really understand the the krone is pegged to the euro. Look at Aizens post to get an idea of what high level the debate is at.
One fairly reasonable concern is a possible price jump. Todays prices are typical 19,95 kr, 99,95 kr etc. It's a bit too easy to convert 99,95 kr to 14,99 € (112,50 kr) 19,95 to 2,99 € (22,50kr) etc. A nice little 10% price dump.

I thought the 50 ore was the smallest currently circulating coin, or are that assuming everyone will be used electronic commerce  (In any I doubt if merchants could get away with that much of a rise.  [Maybe 99,95 kr to 13,99 € (104,33kr) 19,95 to 2,69 € (20,18kr)]

In normal times they don't look kindly onto devaluations (see the ERM crisis of 1992). In a time like this a tiny devaluation will make all currency traders irrational.

7.5 is within the normal 1% trading range for the krone.

[Harry Hayfield]

The results from 2000 (given the current view f the EU) aren't promising either

YES, I am in favour of adopting the euro 46.8%
NO, I am not in favour of adopting the euro 53.2%
Turnout: 87.6%

[Bono]

slowly but surely the continent that gave birth to the nation-state is rejecting that practice. countries are giving up their sovereignty. death by a million cuts seems to be the appropriate expression to use here.

Bla bla bla

Why do you even bother to post.

I think Aizen was saying that approvingly...

[Jens]

With the narrow range that the krone is already being limited to, it wouldn't be a major change for Denmark.  Any chance that Denmark might do something sensible and instead of going with the current central peg of 7.46038 DKK = 1 € try to get rid of some decimals and aim for 7.5 DKK = 1 € to make conversion less of a hassle?

Sensibility has very little to do with this - the vast majority of those who oppose the euro don't really understand the the krone is pegged to the euro. Look at Aizens post to get an idea of what high level the debate is at.
One fairly reasonable concern is a possible price jump. Todays prices are typical 19,95 kr, 99,95 kr etc. It's a bit too easy to convert 99,95 kr to 14,99 € (112,50 kr) 19,95 to 2,99 € (22,50kr) etc. A nice little 10% price dump.

I thought the 50 ore was the smallest currently circulating coin, or are that assuming everyone will be used electronic commerce  (In any I doubt if merchants could get away with that much of a rise.  [Maybe 99,95 kr to 13,99 € (104,33kr) 19,95 to 2,69 € (20,18kr)]

It is (the 25 øre was abolished in october) but  even though the 5 and 10 øre hasn'r been in circulation since the 80'ties almost all prices are xx,95 (because studies apparently has showed that Danes are stupid and think 99,95 kr. is cheaper that 100 kr.).  When you pay, the end result is the rounded up or down to x,50 or x,00 - you can save small amounts by paying in cash everytime the figure is rounded down and by card everytime it's rounded up (remember that most Danes has a debit-card the Dankort).
Ask the Italians about price jumps. Most prices jumped 10 to 15 %. I know myself how hard it is to remember that 30 € is quite a lot when you are used to 30 being the price of a pint of lager and 3 € looks like nothing, making the jump from 19.95 to 2,99 € look like a small difference.