of the Treaty. The Danish "no" and the French "petit oui" are known in scholarly circles as the erosion of the permissive consensus regarding public support for European integration. In the years after Maastricht, the European integration faced more political scrutiny and pro-integration politicians could no longer rely on diffuse support The solution to the lack of public support for the further European integration in Denmark is known as "the National Compromise". 7 out of 8 parties in the Danish parliament came together in support of this proposal. The main part of the National Compromise consisted of the request for 4 opt-outs: Union citizenship, Common Security and Defence, Justice and Home Affairs and participation in the last phase of the European Monetary Union. At the European Council summit 11–12 December 1992 in Edinburgh, the European leaders agreed to these four opt-outs. Today Denmark instead participates in the Exchange Rate Mechanism II (ERM II) with a fluctuation band of ±2.25%. ERM II is a fixed exchange rate regime where the participating countries will have to follow the exchange rate level of the euro. The ERM II is a fixed exchange rate regime, in which the Danish currency and other participating countries' currency are pegged to the euro. Currently Denmark is one of the two countries participating in the ERM II (the other being Bulgaria). This policy marks a continuation of the situation that existed from 1982 to 1999 with regard to the Deutsche Mark, which provided a similar anchor currency for the krone. The krone has been part of the ERM II mechanism since 1 January 1999, when it replaced the original ERM. This implies it is required to trade within 2.25% either side of a specified rate of 1 euro equal to 7.46038 kroner (making the lower rate 7.29252 and the upper rate 7.62824). This band, 2.25%, is narrower than the 15% band used for most ERM II members. However, the exchange rate has kept within 0.5% of the defined rate, even less than the set limits. In the ERM II the domestic central bank, Danmarks Nationalbank, and the ECB commits to the stability of the Danish currency within the given fluctuation band. When the Danish currency goes beyond the agreed upon limits, it is up to the domestic Central bank to intervene until the level is back within the fluctuation band. The ECB are obliged to intervene as well