Forecast – Find out why we believe in near future, Sweden will become members of the EuroZone and Banking Union

I suspect a decision has already been made for Sweden to become a member of the EuroZone.
Because of the response of the Swedish Government to Nordea’s recent decision to relocate their headquarters to Finland, which has the Euro and is a member of the Banking Union.
From here it would be very easy for Sweden to quietly become a member 9in the same way as happened when she decided to become a member of the EEA..
Worth also considering that the UK and Sweden supported each other in resisting EU pressure to join the crowd and run over the cliff.
In addition, the EU with a single currency is not IMHO sustainable in the medium-term as there is no balancing mechanism to deal with the different rates of growth likely to occur when 27/28 economies grow at different rates. Basic economics any student would probably agree with.

This Post Has 3 Comments

  1. wonderboy

    OK, I bet you 100 Kr it does not happen in the next 7 years.

  2. britur

    No customers any more in Sweden. Don’t think that will be the result. I know they are moving. Bet you 50 kr this happens in the next 5 years, right??

  3. prifre

    No, I think there is no danger Sweden will switch to Euro.
    One of the main reasons will be that Nordea will have a main office outside of Sweden, and no customers any more inside of Sweden…
    Nordea customers are right now behaving like the rats on a sinking ship… moving elsewhere!
    Suits Nordea right! Tiny Swedish entities like LO, Transport, etc…

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