At present, Poland, the Czech Republic, Croatia, Romania and Bulgaria remain outside the Eurozone. However, the news is especially startling for loyal EU member states Sweden and Denmark, which declined the single European currency in previous plebiscites.
"Some kind of confusion has probably occurred. Of course, we do encourage all member states that are expected to join in accordance with the accession treaties to do all the necessary work, but there is no specific deadline," Euro Commissioner Valdis Dombrovskis said at a subsequent consequence in Brussels, as quoted by the Swedish daily Svenska Dagbladet. He also attempted to soothe the Nordics by suggesting that 2025 is only a time limit by which the economic and monetary union will be fully functional.
"It is a matter that is completely irrelevant. We have made it clear in the accession treaty that we do not intend to join the Eurozone, and we won't do it either," Swedish Social Democratic EU Minister Ann Linde said, stressing that accepting the euro was "off the agenda."
According to Swedish Finance Minister Magdalena Andersson, there would be no decision to move on to the euro without a referendum.
"It is Sweden and the Swedish people who ultimately decide if and when we join the euro or not — and no one else," Magdalena Andersson said.
Sydsvenskan's columnist Olle Lönnaeus ventured that nobody, not even Brussels may force Sweden to join the monetary union. However, he argued, the pressure on Sweden will increase when the UK, the only European heavyweight to have passed on the euro, finally leaves the EU.
Denmark, where the euro was turned down in a similar referendum by 53.2 percent of the vote in 2000, enjoys the right to opt-out and is not required to join the Eurozone. However, the exchange rate of the Danish krone is linked to the euro.
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