No Euro for Sweden Just Yet

Sweden will not join the European single currency in the foreseeable future. In an earlier EMU referendum this week, the Swedes voted against joining the Eurozone by a clear majority of 56% vs. 42%. There were 2% blank votes and the voter turnout was high, at 81%. Sweden was the first country to hold a referendum on the euro since the single currency went into circulation last year in 12 of the 15 European Union countries.

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