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Sweden – euro vs krona

By Anna Akopyan • Published: 31 Mar 2024 • 20:28

Euro coins Credit: Carlos Pernalete Tua, Pexels

Since Sweden´s recent tie to NATO and the value decline of the krona, Europe began to question whether Sweden would now convert to euro.

In 2003, a euro referendum was held in Sweden, revealing that 55.9 per cent of residents were against the currency change. At the time,  €1 equaled nine krona. Now, it stands at a 25 per cent value decline, 12 for €1.

Since then, alongside the Covid crisis, Brexit and NATO expansion, the minds of Swedes have changed, as revealed by recent surveys from Gothenburg University. 

In 2022, 16 per cent of respondents voted for the conversion to euro. By 2023, the number rose to 30 per cent approval and 43 per cent opposition.

Despite these changes, changing currency would affect not only the economy but the socio-political state of the country; abandoning the krona would mean following the Liberals who are pushing the euro and EU´s policies.

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Written by

Anna Akopyan

Originally from Moscow, with Russian and Armenian origins, Anna has lived in Costa Blanca for over ten years. She is passionate about singing, acting and traveling.

Comments

    • John Wittmann

      01 April 2024 • 01:39

      Beware Sweden, when Spain succumbed to the German dominated Euro at unfair conversion rate, the cost of living in Spain rocketed. Lose your currency, lose your economic control to the eu autocracy. Probably why Britain did not join the euro.

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