Sentences with phrase «opt out of the euro»

Denmark subsequently notified the Council of the European Communities of their decision to opt out of the euro, and this was included as part of the 1992 Edinburgh Agreement, a Decision of Council, reached following the Maastricht Treaty's initial rejection in a 1992 Danish referendum.

And that remains true today and although we opted out of the euro right from the beginning and very sensibly so, but we are affected by the euro and I feel really sceptical that they can solve to eurocrisis, I don't expect it to survive.

Not exact matches

Other states could remain members of the Union but opt out of some of its integrating features, including the euro zone and the Schengen Agreement.

And of course there are ten member states currently not in the euro — with the UK and Denmark with formal opt - outs from the euro, Sweden with an implicit opt - out, and the other seven meant to join when they meet the criteria.

While the new fiscal compact treaty was clearly driven through by Germany, 24 out of the other 26 member states have signed up, even those not yet in the euro or like Denmark who have an opt - out.

The four points were reportedly: an opt - out of «ever closer union»; an explicit statement that the EU is «multi-currency»; a «red card» system to allow a number of national parliaments to join together to reject legislation from Brussels; and a reorganised system for euro and non-euro nations, which has been read by some as giving the UK «associate status».