Over the last 40 years, a stability-oriented economic policy with a focus on medium-term objectives together with structural reforms – not least in the labour market – have transformed the Danish economy. Today, unemployment is among the lowest in Europe. We have sound fiscal balances and low public debt. Large current account deficits have been replaced by large surpluses.
This has transformed Denmark from a debtor nation to a creditor nation with net foreign assets of about 70 per cent of GDP. Page 3 of 7  In turn, we have created a highly robust economy. I think it is fair to say that the fixed exchange rate policy has had an educational effect on several generations of politicians.