Not the best neighbor, part 3

Since 1 January 1999, the Danish krona has a fixed exchange rate against the euro through ERM II. In practice, this means that the Danish krona is an euro in disguise.

Before 1999, the value of a Danish krona was essentially the same as the Swedish krona. Today, a Swede pays just over 1.5 Swedish krona for 1 Danish krona.

That Denmark has a fixed exchange rate against the euro has saved the value of their krona. Otherwise, Denmark's krona would also have been devalued due to the Swedish krona's difficulties in defending its value.

However, we have exported our gang crime to Denmark. Sweden and Denmark do not have a common border like Sweden and Norway. However, we have a bridge, the Oresund Bridge, which connects our countries.

I guess there are many countries that are happy that they are geographically far from us.