Global turmoil has Sweden flirting with the euro

(Johanna Treeck – Politico) The threat of war has a way of changing people’s minds — even euro holdouts. Sweden’s ruling class is flirting with the idea of adopting the EU’s single currency, seeking safety in numbers to insulate itself against geopolitical tension from both sides of the Atlantic. 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.

Global turmoil has Sweden flirting with the euro – POLITICO