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Posted on 02/06/2026 5:35:46 AM PST by Cronos
The krona lost more than 20 percent of its value against the euro over the last decade, before recovering somewhat in recent months.
Giving up its own currency would go against decades of Swedish thinking vis-a-vis Europe, which has held that national control of the krona is a vital policy tool for managing the economy.
Finance Minister Elisabeth Svantesson on Tuesday told the country's parliament that her Moderate Party would set up an expert panel to weigh the pros and cons of joining the euro — if the party remains in power after September’s parliamentary election.
“Policymakers may worry that in a severe crisis — such as a military escalation in the Baltic region or some major turbulence elsewhere in the world — the krona could depreciate very rapidly with severe repercussions for the economy,” EFG Bank’s chief economist Stefan Gerlach told POLITICO.
The krona lost more than 20 percent of its value against the euro over the last decade before recovering somewhat in recent months. A sudden crash in response to geopolitical tensions could force Sweden’s central bank, the Riksbank, to ramp up borrowing costs to prevent prices from skyrocketing. And that, in turn, could push Sweden’s economy off a cliff.
...Public opinion has remained cautious. A Eurobarometer poll found last year that only 39 percent of Swedes believed the country was ready to adopt the euro. That’s up 7 percentage points from a decade earlier, however, and it could rise further if tensions on the international stage threaten the krona.
The party’s support is vital for propping up the current minority government, and it’s dead set against euro membership. But in the current fragile environment, it may not take much to prompt a shift in public opinion.
“A Russian drone flying into Swedish airspace may be enough,”
(Excerpt) Read more at politico.eu ...
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Because nothing screams “stability” more than the Euro.
“Policymakers may worry that in a severe crisis — such as a military escalation in the Baltic region or some major turbulence elsewhere in the world — the krona could depreciate very rapidly with severe repercussions for the economy”
Military escalation in the Baltic region will have no worse affect on the Krona than it will on the Euro as well.
The Euro is highly stable.
What’s the point?
They should adopt the Syrian Pound now, or maybe the Saudi Riyal since it actually has something backing it.
“Ethnic and Cultural Composition: The majority of the population is ethnically Swedish (native), but foreign-born individuals make up 20.8% of the population as of 2024. Significant groups include those of Syrian, Iraqi, Finnish, and Somali descent. The population is highly urbanized, with 87.7% living in urban areas”
And since
“Age Structure: The population is aging, with 20.12% aged 65 and over, 62.18% aged 15–64, and 17.71% aged 0–14. The median age is 40.4 years”
It’ll be an ethnic Arab country in another couple of generations. No more blondes! Just brown eyes, brown skin, black hair, and variations on that for “diversity”.
10M people with 2M from ME/Africa? Those people can just call their relatives to join them and they’ll be the majority in a year or two!
Maybe it’s your 100% musilms on welfare that’s killing the krona ?
Adopting Euro basically means giving up on independent fiscal policy.
So, if you cannot control spending, go ahead and adopt Euro.
The financial experts in Germany will do it for you!
Any talk about Poland adopting the Euro?
Sweden will not join the euro.
The majority of the voters still favours the “krona”. The second largest party, the Swedish Democrats, are against joining the euro. The top echelons of the Social Democrats and the Moderates are not unwilling to join, but only if a referendum can be avoided. Both parites (especially the Social Democrats) have groups who are very much against joining the euro, and a referendum would make these splits very visible.
The Liberals have advocated for giving up our national currency long before the referendum in 2003. However, they will drop out of the parliament this autumn when we have our next elections. The small Centre party has recently started to talk about joining the euro, but they may also lose all their seats in the upcoming election.
And given the state of the German and French economies I do not think it will look very attractive to join the euro in the near future.
As you may see from the graph of real GDP Sweden has done well outside the eurozone. And BTW the exchange rate is not 11.95 krona per euro, but now 10.66.
But we would have done much much better if it hadn’t been for our stupid politicians importing thrash from the Middle East and Africa. Our present government has actually started a program of repatriating recent immigrants - but it is slow going.
Germany beat Europe and never fired a shot
Not a chance
basically any money or even gold is notional. Gold has a value because we assign that value to it in our heads. Fiat money just abstracts that further
Thanks for your on-the-ground insights
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