The implied loss of national sovereignty to the ECB underlies the decision by Great Britain, Denmark, and Sweden to stay out of the euro zone for now.

Question

Quizplus · Accepted Answer

The statement is true. The idea of giving up control over monetary policy to the European Central Bank (ECB) is a concern for some countries and is one reason why Great Britain, Denmark, and Sweden have decided not to join the euro zone for the time being. By not adopting the euro, these countries are able to maintain their national sovereignty over economic policy.

The Implied Loss of National Sovereignty to the ECB Underlies