In this interview excerpt, Niels Thygesen, Professor of Economics at the University of Copenhagen from 1964 to 1969 and from 1971 to 2004, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes the difficulties associated with the establishment of a banking union within the European Union.

In this interview excerpt, Niels Thygesen, Professor of Economics at the University of Copenhagen from 1964 to 1969 and from 1971 to 2004, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, discusses the opt-out from EMU negotiated by Denmark and the advantages and disadvantages of this situation. He also shares his views on Denmark’s future within the European Union.

In this interview excerpt, Niels Thygesen, Professor of Economics at the University of Copenhagen from 1964 to 1969 and from 1971 to 2004, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, shares his views on the prospects for the enlargement of the euro area.

In this interview excerpt, Niels Thygesen, Professor of Economics at the University of Copenhagen from 1964 to 1969 and from 1971 to 2004, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, shares his views on the position and influence of the euro within the international monetary system.

In this interview excerpt, Niels Thygesen, Professor of Economics at the University of Copenhagen from 1964 to 1969 and from 1971 to 2004, Adviser to the Governor of the Danmarks Nationalbank from 1973 to 1983, Chairman of the Danish Economic Council from 1983 to 1985 and a member of the Delors Committee set up to study and propose practical steps that would lead to the gradual establishment of Economic and Monetary Union (EMU) from 1988 to 1989, describes why Luxembourg is well placed to assume the role of mediator within the European Union.