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Denmark will exceed the European Union’s convergence criteria in 2011 and 2012, but Finance Minister Claus Hjort Frederiksen says that the agreements forged in the government’s 2020 Plan mean that the credibility of the country’s public finances and fixed exchange rate policy are intact.
“With the (Ed: political) agreements that we have reached this spring we have buoyed a sustainable restoration of the Danish economy,” says Hjort Frederiksen, adding: ”At the same time we have clearly demonstrated how to finance the DKK 47 billion which we were short in the wake of the financial crisis and in order to balance income and expenditure in 2020”.
