 As part of the European elections in 2014, it was argued collectively by the group of pro-European Danish parties (Venstre, Konservative, Social Democrats and Radikale Venstre), that an upcoming euro referendum would not be in sight until the "development dust had settled" from creation of multiple European debt crisis response initiatives (including the establishment of Banking Union, and the Commission's – still in pipeline – proposal package for creating a strengthened genuine EMU).When a new Venstre-led government came to power in June 2015, their government manifest did not include any plans for holding a euro referendum within their four-year legislative term.There has been some speculation that the result of a Danish referendum would affect the Swedish debate on the euro.