EU members may soon be forced into the euro

Even though Denmark has already voted against dropping the krone for the euro, the European Commission may coerce the country to adopt the European single currency, reports German newspaper Frankfurter Allgemeine Zeitung.

The notes leaked from last week's meeting in Strasbourg revealed the EU Commission wants all 27 members of the bloc to adopt the euro by 2025.

Officials from the EU are reportedly seeking to draw up a euro budget able to incorporate a fixed tax payment from all the member states. The raised cash is for investment across the bloc.

However, the EU Commissioner for the Euro and Social Dialogue Valdis Dombrovskis, says the whole thing has been misunderstood.

"There has been some confusion. What we discuss in the coming reflection paper is the completion of the economic and monetary union. It doesn't mean the EU member states must adopt the...