More Swedes want to switch currency from the krona to the Euro, with support the highest it’s been since 2009, according to a survey by Gothenburg University’s SOM Institute.
Paywall? https://archive.is/ZXdUu
More Swedes want to switch currency from the krona to the Euro, with support the highest it’s been since 2009, according to a survey by Gothenburg University’s SOM Institute.
Paywall? https://archive.is/ZXdUu
While that’s certainly true, we also had businesses speculate against the Swedish currency in the early 1990s, driving up interest rates to over 500% for a few days in order to stop the outflow of capital.
So there are arguments for adopting the Euro too. But like I said, I’m not informed enough to say which is better. It’s a very complex issue.
How is that an argument for adopting the Euro? They stopped the outflow of capital in a couple days, and it’s been 30 years. Seems like it worked.
They could do it because we were a small currency, and it it didn’t quite work, at least not the way it worked before. The currency is now “floating” against other currencies which it wasn’t back then, and we had a recession at the time. I agree that Sweden would be giving up a few tools in the economic toolbox, but on the other hand it gains a few others. I can’t say which ones are more valuable because I’m not an economist. I suspect you’re not either.
We should be able to have public debate about public policy. My opinion obviously doesn’t matter much, but the decision is ultimately in the hands of Sweden’s people - not economists.