Question

All EU members are obliged to adopt the euro as their national currency. Which two countries have an opt-out option under the terms of the Maastricht Treaty?

1) Great Britain and France
2) Germany and Italy
3) Spain and Portugal
4) Netherlands and Belgium

Answer 1

Great Britain and Denmark have an opt-out option under the Maastricht Treaty and are not obliged to adopt the euro as their national currency.

Step-by-step explanation:

The two countries that have an opt-out option under the terms of the Maastricht Treaty and are not obliged to adopt the euro as their national currency are Great Britain and Denmark.

The Maastricht Treaty, signed in 1992, laid the groundwork for the establishment of the European Union (EU) and introduced the euro as the common currency. However, it allowed for certain countries to opt-out of adopting the euro. Great Britain, although a member of the EU, has chosen to keep the British pound sterling as its national currency. Denmark is the other country that has negotiated an opt-out from adopting the euro.

It is important to note that the Maastricht Treaty does not require all EU members to adopt the euro. While most EU countries have adopted the euro, there are still a few that have kept their own currencies.