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EMU and the Outsider Nations

In: Macroeconomic Perspectives on the Danish Economy

Author

Listed:
  • Niels Thygesen

Abstract

It has been predictable since the drafting of the Maastricht Treaty in 1991 that not all EU Member States would join the third stage of Economic and Monetary Union (EMU) at the same time. Some might want to preserve a right not to join – an ‘opt-out’ – others were likely to find themselves unable to meet the economic criteria for entry. The Treaty therefore had to deal with the prospect of so-called ‘variable geometry’ in relation to EMU. Section 2.2 reviews how this was achieved.

Suggested Citation

  • Niels Thygesen, 1999. "EMU and the Outsider Nations," Palgrave Macmillan Books, in: Torben M Andersen & Svend E Hougaard Jensen & Ole Risager (ed.), Macroeconomic Perspectives on the Danish Economy, chapter 2, pages 40-65, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50103-4_2
    DOI: 10.1057/9780230501034_2
    as

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