An optional referendum on the introduction of the euro was held in Sweden on September 14, 2003. The referendum failed. As a result, Sweden decided in 2003 not to accept the euro . If the result of the vote was in favor of adopting the euro, Sweden would switch to the new currency on January 1, 2006.
Sweden in Europe was the main umbrella group campaigning for the adoption of the euro.
Background
Sweden joined the European Union in 1995, and its accession agreement obliged the country to join the Eurozone . However, one of the requirements for membership in the Eurozone is a two-year membership in ERM II, and Sweden decided not to join this mechanism and, as a result, associate its exchange rate with% for ± 2.25 euros. While there is government support for membership, all parties have pledged not to join the Eurozone without a referendum.
Referendum Result
Voter turnout for the referendum was 82.6%, failed with a result of 55.9% against and 42.0% for the adoption of the euro [1] .
See also
- Sweden and Euro
- Lind, Anna
Notes
- ↑ Folkomröstningar 1922-2003 unopened (inaccessible link) . Date of treatment December 1, 2014. Archived April 2, 2012.