Best Growth Stock – Denmark, which is not in the eurozone, assumed the presidency on Sunday of the European Union but without much resonance with the ambition to resolve the crisis of the euro in the context of negotiations dominated by large countries.
This small country of 5.6 million inhabitants, one of the few in Europe that is led by a center-left government will be on the frontlines of the crisis of the euro in place of Poland in the rotating presidency of the EU.
Denmark is at risk of being marginalized as the other nine member countries, including Britain, which have not adopted the single currency.
After the rejection of the Maastricht Treaty in a referendum held in 1992, Copenhagen in 1993 signed a treaty which sets out four conditions that preclude their participation in key aspects such as Defense or the euro zone.
“Politically, Denmark very little influence on the aspect of European cooperation, for the moment, is the center of attention,” according to Danish news agency Ritzau.
This is because Denmark “is not in the eurozone and the time for the EU presidency is not as important as before,” according to the agency.
“Formally, Denmark can not and should resolve the crisis of the euro. The prime minister (Helle Thorning-Schmidt) and the Minister of Foreign Affairs (Nicolai Wammen) however said that they hoped to create a link to the conflict in the crisis,” according Ritzau.
Indeed, Thorning-Schmidt said that Copenhagen will strive to “be a bridge between 17 and 27″ (reference to the 27 countries of the European Union and 17 of the Euro Zone) to prevent it being deeper the gap between the euro area and the satellite countries.
“I fully understand that the 17 Member States of the euro area need to take certain decisions between them,” said Thorning-Schmidt.
But it is important for the Franco-German duo “to maintain the 27 together” and to consult with all Member States “because these decisions to them,” because “in these times of crisis, we must believe in the institutions,” according said.
“Over the next six months we are able to make Europe a small but important step in the right direction. We use this possibility, since everything that happens in Europe affects here,” said Prime Minister in his first speech greeting the New Year.
“We’re going to imply that the European countries, together, they can control the economy and restore growth. That’s what needs to be done to re-create jobs in Europe,” he said.
For the Swedish newspaper Sydsvenska, Denmark will remain “a partner in the power game” to resolve the crisis of the euro.
The more so that the Danes are more than ever skeptical about the single currency, according to a survey conducted by the Danish Institute for Statistics Danske Bank released December 21 by the bank.
If they were consulted about their participation in the euro area, 71% of Danes would vote ‘no or maybe no’ to the euro, against 27% ‘willing or perhaps willing’ to decide in the affirmative.
“The European debt crisis affected the opinion of the Danes on their participation in the euro,” said the chief economist at Danske Bank, Steen Bocian.
In such circumstances, Denmark “focus their political energy to have a presidency effective in all other areas of the EU in the Danish ministers are invited to the negotiating table” to “make visible”, according to Ritzau.
The Danish presidency then distinguished primarily by the desire to create jobs and generate growth through investments in renewable energy and an important cultural program.
Category: Business News