Most other countries trying to conduct a fixed-exchange-rate policy, including Iceland, have not had the same lighthouse ahead, making it difficult to generalise the Danish experiences to countries with other institutional arrangements. 5. Conclusion  From an operational point of view the main importance of ERM II is to provide the central parity of the krone against the Euro.
Aschmoneit: I came to this interview by train. On the way, a respectably dressed man in his early seventies came over and I moved over so that he could sit down. But he didn’t want to. He said that he wanted the deposit bottle that was in the bin in front of me.