I shall be pleased to do so, especially as I can well imagine that you here in Denmark are able to adopt a somewhat more relaxed and calmer approach to the subject of “Convergence and EMU”. There are two obvious reasons for that. Firstly, Denmark itself has made distinct progress in economic convergence during the past few years.
That progress was documented in the European Monetary Institute’s recently published Convergence Report. -  The Danish krone has been stable internally for a good number of years. -  It is unlikely that Denmark will have any problem with the exchange rate criterion either. Happily, participation in the ERM - as in Germany - has never been at issue here.