After the Swedish krona suffered an unprecedented decline since last year, Swedes began to debate the benefits of switching to the euro. Bloomberg.
Swedish economist Lars Kalmfors said he had recently been asked to analyze the possible transition from the Swedish krona to the single European currency, although he had not previously received such a request from 2010 to 2022.
According to Bloomberg, only one party in the parliament, the liberals, insists on switching to the euro. Supporters of this idea reasserted themselves in the face of Sweden’s abandonment of its long-standing policy of military non-alignment and desire to join NATO.
Experts say that the weakening of the krona is due to the “soft central bank policy” that the kingdom has implemented for many years, but they also say that the Swedish economy faces new risks with the transition to the euro currency.
The euro is used in 20 of the 27 EU countries. In the early 2000s, a referendum was held in Sweden, and as a result, the country did not switch to the euro. According to the results of a survey conducted in the Swedish newspaper Dagens IndustrySix out of 10 CEOs of Sweden’s largest companies said they wanted the country to switch to the single euro currency.
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