Seems like this requirement is kind of a paper tiger, since there’s no deadline and several of the existing Euro coutries don’t even meet the economic criteria.
Though I do understand that it would be a hindrance for the Brits to agree to these terms, even though they’re largely hypoethetical, and given the whole Brexit history, the EU won’t be likely to exempt them from this regultion. I wonder what kind of deal Denmark has made there to be the only exception.
It wasn’t. It is now.
It was one of the special exceptions that the UK had, gained in 1992 when the Maastricht Treaty was negotiated.
Alright, I stand corrected. TIL.
Seems like this requirement is kind of a paper tiger, since there’s no deadline and several of the existing Euro coutries don’t even meet the economic criteria.
Though I do understand that it would be a hindrance for the Brits to agree to these terms, even though they’re largely hypoethetical, and given the whole Brexit history, the EU won’t be likely to exempt them from this regultion. I wonder what kind of deal Denmark has made there to be the only exception.
The same exception the UK had, didn’t join it in 1992. Specifically they got an opt-out for those specific parts.