Sweden and The Euro

Sweden And The Euro

Sweden does not currently use the euro as its currency and has no plans to replace the krona in the near future. Sweden is obliged under the Treaty of Maastricht to adopt the euro at some point in the future. Under the 1994 Treaty of Accession Sweden has to join the eurozone once it meets the necessary conditions. Sweden maintains being part of ERM II is a required criterion and joining ERM II is voluntary, giving Sweden a de facto opt out.

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