Sweden and the Euro Analytical Essay by Master Researcher

Sweden and the Euro
An analysis of the issues in Sweden's quest to adopt the euro as its official currency.
# 39354 | 3,650 words | 22 sources | MLA | 2002 | US
Published on Oct 08, 2003 in Economics (International) , European Studies (General)


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Description:

This paper examines the situation of Sweden with regard to the euro and European Monetary Union. The paper overviews the current situation in Sweden with regard to adoption of the euro and the stance of the European Union's Economic and Monetary Affairs Commission, which currently regards Sweden as ineligible for membership. The paper looks at the cases for and against Sweden's adoption of the euro and evaluates these arguments and the current political situation in Sweden with an eye to developing predictions concerning future developments in the relationship between Sweden and the EMU.

Outline:
Introduction
The Current Situation: Sweden and the Euro
The Current Situation: Europe and the Krona
The EMU: Pro and Con
Conclusions

From the Paper:

"Unlike Denmark and Great Britain, Sweden announced its intention to eventually join the Euro and also declined to negotiate an extension, as did Denmark and Great Britain. Consequently, in May 2000 when Sweden failed to meet the criterion for membership in the EMU it was identified in "Convergence Report 2000" concluded that "there should be no change in the status of Sweden as a member State with a derogation" for failing to meet the criterion for inclusion in the EMU.
"In December 2002 that status was reaffirmed. On December 2, 2002 the European Union's Economic and Monetary Affairs Commissioner Pedro Solbes announced that Sweden continued to be a member State with a derogation. He stated that its "legislation for the central bank and the Exchange Rate Mechanism" fail to satisfy requirements for membership in the EMU.
"That announcement contrasts with the position of the Swedish government. Prime Minister Goran Persson (Prime Minister since 1996), leader of the Social Democratic Party, is the head of a coalition government that was re-elected on September 20, 2002. On November 29, less than a week before the announcement by Solbes, the Prime Minister announced a multi-party agreement to hold a referendum on Sweden and the EMU on September 14, 2003."

Cite this Analytical Essay:

APA Format

Sweden and the Euro (2003, October 08) Retrieved January 18, 2020, from https://www.academon.com/analytical-essay/sweden-and-the-euro-39354/

MLA Format

"Sweden and the Euro" 08 October 2003. Web. 18 January. 2020. <https://www.academon.com/analytical-essay/sweden-and-the-euro-39354/>

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