They may be celebrating the start of 2012 in Copenhagen but as Denmark begins its six-month presidency of the European Union, many are wondering if the merriment is a bit premature.
Experts predict the eurozone’s troubles are far from over.
The country’s first female prime minister, Helle Thorning-Schmitt, has pledged to help get Europe out of crisis.
Analysts said she is keen to avoid a split between the 17 eurozone members and the 10 non-euro countries, of which Denmark is one.
But others think the treaty issue is not cut and dried at home. After all, they say, Danes have a habit of voting against closer EU integration in referenda.