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euro
(04/23/09) -

Views on Euro Shifting in Sweden

(Angus Reid Global Monitor) – More adults in Sweden would like to adopt the European Union (EU) common currency, according to a poll by Sifo. 47 per cent of respondents would vote in favour of introducing the euro in Sweden, up eight points since May 2004.

(Angus Reid Global Monitor) – More adults in Sweden would like to adopt the European Union (EU) common currency, according to a poll by Sifo. 47 per cent of respondents would vote in favour of introducing the euro in Sweden, up eight points since May 2004.

The euro has been used in 12 EU countries since January 2002. At the time, Sweden, Britain and Denmark were the only EU members that did not adopt the currency. The European Central Bank has set a fiscal deficit limit of 3.0 per cent to allow other member nations to adopt the euro. Slovenia began using the currency in 2007, Cyprus and Malta in 2008, and Slovakia in 2009.

Sweden held a referendum on the euro on Sept. 14, 2003. In that nationwide ballot, 56 per cent of voters chose to keep the krona as the national currency.

This year, the krona has lost 13 per cent of its value against the euro, reaching an all-time low of 11.79 on Mar. 6. Earlier this month, Swedish finance minister Anders Borg predicted a domestic economic contraction of 4.2 per cent in 2009.

Polling Data

How would you vote if a referendum on the Euro were held this week?

 

Apr. 2009

May 2004

For the euro

47%

39%

Against the euro

45%

54%

Not sure

8%

7%

Source: Sifo
Methodology: Interviews to 1,000 Swede adults, conducted from Apr. 6 to Apr. 8, 2009. No margin of error was provided.