Denmark's Bernstein on the benefits of the euro

- Central Banking staff
- 22 Jan 2009

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Nils Bernstein, the governor of the National Bank of Denmark, has outlined a number of reasons why Denmark should join the eurozone.

The reasons include:

· slightly lower interest rates;

· a small rise in foreign trade; and

· lower transaction costs.

Bernstein also noted that non-membership excluded Denmark from a number of highly-relevant decisions. "This applies to interest-rate decisions, of course, which affect us directly owing to our fixed-exchange-rate policy," the governor said. "It also

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