• Sweden edition
 
Sweden set to enter the euro pact: Borg

Sweden set to enter the euro pact: Borg

Published: 22 Apr 2011 10:03 GMT+02:00
Updated: 22 Apr 2011 10:03 GMT+02:00

Thus far, Sweden has opposed membership to the pact because, amoung other reasons, the EU has the ability to interfere in member countries’ wage formulations.

But this week the European Parliament adopted a decision that Borg now hopes makes it clear that each country retains autonomy over wage controls, thereby enabling the Swedish parliament to support membership.

“My hope is that we can reach such clarification from the European Council to allow for a broad majority in Sweden to support this," Borg told Sveriges Radio (SR).

Borg has previously staved off Swedish membership to the pact on the grounds that it would allow the EU to interfere in member countries' wages.

The Swedish trade unions and Swedish opposition parties also have strongly opposed membership.

The European Parliament's economy committee voted this week on a legislative package that includes provisions with the euro pact.

At several points, the laws were tightened further as the EU strengthens its control over member countries' economic policies.

But the committee also decided that the countries' own pay and contract systems must be respected.

Borg now expects EU finance ministers to endorse the amendment.

It now remains to Sweden to join, Borg told SR.

TT/The Local/kh (news@thelocal.se)

Your comments about this article

10:48 April 22, 2011 by Nemesis
Does this mean that Borg will ban praktik (slavery) and bring in a minimum wage? As usual Sweden will adopt parts that suits it, but ignore parts banning slavery.

Sweden needs a minimum wage and to ban praktik now.

The sooner Sweden joins the Euro pack for wages, which would remove praktik and force a minimum wage situation, the better for all low paid workers in Sweden.
10:58 April 22, 2011 by foxpur
@Nemesis: Unpaid Internship (praktik) exists in just about every EU country, and, in fact, the EU Headquarters itself uses the option. So I would reasonably say banning praktik is not likely to happen if your lifetime.
11:06 April 22, 2011 by calebian22
The sooner Sweden gives the finger to all things EU the better.
11:39 April 22, 2011 by Great Scott
@foxpur

Totally untrue, maybe in some areas where the unemployed are given further education then the unemployed person will benefit. But not like Sweden's abuse where the unemployed person gets very little and the employer is rewarded very well. These crooks that only use free labour will never employ, why should they? It is this that is so crazy as the Swedish government supports it.

It is pure denial of human rights, the right to work and get paid.
12:09 April 22, 2011 by jan.petras
Prakitk is totally fine but it shouldn't last more than 2 weeks. It gives the employer a chance to see how you work and what kind of worker you are and make a decision based on that. And it gives you a chance to prove you're worth it, and not be judged solely on a C.V.

It's a win-win and if you mind working "for free" for 2 weeks then you don't even deserve the said job.

You don't work "for free" - you work towards something.

Sheeeeessshhh......
12:58 April 22, 2011 by calebian22
Jan,

What praktik in Sweden is for two weeks? While I disagree that the EU will solve this problem in Sweden, the praktik as it currently stands only benefits the employers.

Besides, that is why probationary periods exist already. You can be fired at any time but you get paid a fair wage. An honest day's work for an honest day's pay. Praktik pay is not honest.
13:13 April 22, 2011 by Marc the Texan
If this happens, Swedish wages will fall closer to the average European wage (regress toward the mean). Sweden will lose control of independent monetary policy and the ability to manage the Swedish economy. Wealth will flow out of Sweden to Europe like a river running downhill. Sweden will become more competitive in industries that currently are not economical in Sweden. This will mean more low level and unskilled jobs will be available to Swedes. Is all this really worth the price of no forex fees?

In the long term, Sweden will lose what sovereignty it has. How does this help Sweden? All this will do is transfer real political power to Europe and lower Swedish living standards closer to the average European level.
13:20 April 22, 2011 by ooh456
Hmmm... it makes no sense to join the currency now. Isn't that sufficiently clear? If you give up your currency, you basically give up your control of your own economy. Duh. Economics 101.Sweden... I hope you like sending money south and giving political and economic control to Germany. Sweden may as well become part of Germany. What does it even matter now that we all use credit cards anyway to buy everything? Think people!
14:18 April 22, 2011 by Swedesmith
Borg believes his ponytail looks good, too.
14:24 April 22, 2011 by Syftfel
Sweden must NOT join the Europact unil the PIGS(Portugal, Ireland, Greece, Spain) have straighthened out ther economies and turned their backs on unbridled socialism, and crushed the backbone of the trade unions in their sties.
15:01 April 22, 2011 by Rick Methven
@syftfelis

pigs will fly before that happens (thankfully)
15:40 April 22, 2011 by HYBRED
The higher the wage, the more tax money generated which ideally benefit all. The lower the wage, the more money in the "mans" pocket. Benefiting who?
15:55 April 22, 2011 by hjoian
@hybred, if you have more money in your pocket,who do you think benefits? Unless your one of those sad people who just hoard money for the sake of it,most people will go out and spend it,thus supporting local shops and industry. Paying more taxes is no guarentee that the money will be used wisely, and if you look at the state of Europe,most,if not all goverments cant be trusted with the funds they do have,let alone the funds they dont have(credit). I agree ideally high taxes should benefit all,from what i have read here on the forum over the last few years,the service that you are getting for your tax money has got worse and worse,so why give the goverment more?

Until the financial crisis is sorted,Sweden will be better off out of the Euro, and maybe better off out anyway,i can never see the UK joining,or Norway. Its unfortunate that Germany is bearing the brunt of the economic no-hopers in Europe.

Anybody with any sense will be looking to move to the far east, Europe has had its day,like the US, and things are going to change radically in the next decade. Cheers
17:33 April 22, 2011 by HYBRED
@hjoian

I did mention higher wages. But as well as the tax, there is more money in your pocket to do whatever.

I know there are no guarentees with what the government does wiht tax money,(concerning the right thing). But the last thing anyone should do is trust government. It doesn't matter where you live.

The strong SEK is a two edged sword, it is great for buying things, but it is bad for business to sell/export goods, which takes jobs.

I agree that Sweden would be better off out of the EU. But thank God or the wits of someone Sweden doesn't have the Euro.
18:51 April 22, 2011 by mkvgtired
"Give me control of a nation's money and I care not who makes her laws." — Mayer Amschel Rothschild
22:32 April 22, 2011 by tzatara1
this will be a huge mistake and I call you all out , to vote against it .

see what happened with Greece , what's coming for Portugal or Ireland ....

the standart of live will get down significantly for a very short time , enormous money will be stolen from the public economy , yeeeaa ....that's right , all the money are yours people, but they will be buried and you will be told that there's nothing wrong , just an ordinary transaction .... don't be fullers

SAY NO
03:06 April 23, 2011 by registeredb1b
What you call minister is nothing else than real clown. Real real clown
15:55 April 23, 2011 by justiceforall
sweden should join EURO today
20:42 April 23, 2011 by waffen
Number 15

Exactly.

That is what the EU and the Euro do, give control to the New World Order of the Old World Order Rothschilds, who are favored by the Bush family, and their enforcement arm in the U.S., AIPAC, to which the American Congress slavishly pay tribute, or else.

Norway and the UK have the right idea.

Sweden should remain free Sweden by staying out of the EU.
15:34 April 24, 2011 by wenddiver
A realIly stupid idea. Think of the American Government, the Southern States that have balanced budgets for the most part are banned from making money, so we end up propping up the Federal Dollar, to no effect, because other States believe in Quasi-Socialism and feel their is no limit to how much money they can print or spend. Allowing Banks to issue notes,( the very name Dixie comes from the DIX not, a Bank of New Orleans $10 dollar note) like they did prior to the Civll War, would probably create a preferred currency, as it could be backed by actual product like oil from the Gulf of Mexico, instead of Air and promise/smoke and mirrors. The EURO is a really bad idea, it takes away all economic Freedom.
16:04 April 24, 2011 by ELaimins
Borg is nuts.

Just when Greece, Ireland, Portugal and very soon Spain would do anything to get out of the eurozone, he wants Sweden to join?? The German people have had it with euroland too.

I seriously question the competence of this man, Borg, So should all Swedes...
16:43 April 24, 2011 by technoviking
Looks like a great time to join the Europact with all the wonderful developments these days...

And considering Borg calls himself an economist and doesn't even have an undergrad degree, I'm sure he's qualified to make the call...
02:35 April 25, 2011 by wenddiver
He was probably too busy combing his pony tail and picking out his ear ring to think this whole EURO thing thru. We have people like this in my country too, but mostly we let them do acts in Las Vegas not run the economy(see Penn & Teller).
04:12 April 25, 2011 by zhouchaojie
Just after reading this article, the first thing make sure you complete is to obtain very good sites. When refers to this sporting, people always connect to the Oklahoma City Thunder jerseys wholesale from china
04:54 April 25, 2011 by here for the summer
@viking ..

you are right. I was surprised and looked it up .. It is a little disappointing that a person with this important of a position should have such a lack of education.

http://en.wikipedia.org/wiki/Anders_Borg
06:55 April 25, 2011 by Grokh
I dont understand how european union wants to control economies when the rest of the world does not follow any rules.

There is a huge connection between this global economy and mass employment and its not because one country lowers taxes on some corporation.

China for example sells twice as much for a third of the price by exploiting its workers, and not following any safety as well as environmental regulation. And probably breaks a few human rights laws aswell.

Companies will move there not because of the Tax they wont pay ,but because of everything they dont need to pay or care about, and that affects all countries/all people in the world from developed to undeveloped.

It affects through unemployment, it affects through lowering pay, it affects through cancer that u get from a tshirt , pollution etc so on.

So before talking about rules and regulations EU has to make sure everyone is gona follow it, and after that they need to hang the people who manipulate the stock market and banks making it go up and down as they please, and after that break skulls at all banks that are runned like loanshark/casinos.

Then maybe we can move on to a more civilized global economy.
12:05 April 26, 2011 by Great Scott
@syftfel

What planet are you on, you oppose social democrat thinking and then oppose Borg, right wing thinking. Please what side are you on, your statement destroys any form of credibility you had.
15:57 April 26, 2011 by technoviking
@ Great Scott

I think the idea of maintaining financial independence and not wanting to bail out gluttonous second-world socialist countries is a fairly conservative stance.
10:07 April 28, 2011 by Great Scott
@httechnoviking

Ah, hello, but where have I said anything about "maintaining financial independence".
05:04 May 2, 2011 by TX4ever
Don't ENTER --Sweden's managed to do quite well without these people, don't you think?
Today's headlines
National
Swedish airfares to get cheaper in 2015

Swedish airfares to get cheaper in 2015

Sweden is set to buck the European trend of rising air prices with fares expected to drop next year according to a new report. READ  

National
Swede's homemade submarine nets fortune
Eric Westerberg's homemade submarine Isabelle. Photo: PS.nu

Swede's homemade submarine nets fortune

A Swedish submarine enthusiast who spent over 3,500 hours making his own vessel has sold his prized possession for 705,000 kronor ($98,500) in an online auction. READ  

National
Cops reported for making 'Roma' comment

Cops reported for making 'Roma' comment

Police in northern Sweden have been reported to the Equality Ombudsman for describing a wanted suspect as having a "Roma appearance." READ  

Donald Duck and Zlatan get Swedish votes
A political career for Zlatan? Some fans seem to want to see that. Photo: Peter Dejong/TT

Donald Duck and Zlatan get Swedish votes

The Bilderberg Group, the Satanic Initiative and Adolf Hitler all received votes in Sweden’s general election, according to a list released by the country’s electoral authority. READ  

Sport
Stockholm fails bid to host Euro 2020 games
The Swedish team in action. Photo: TT

Stockholm fails bid to host Euro 2020 games

Sweden's capital has missed out on a chance to host any Euro 2020 games, with Copenhagen the only Scandinavian city among the thirteen winning locations. READ  

Vicar: God rejects fans of women priests
Antje Jackelén, Archbishop of Uppsala, is the first woman to head the Swedish church. Photo: Stig-Åke Jönsson/TT

Vicar: God rejects fans of women priests

A Swedish priest has been fired after telling his congregation that people who support female priests would be rejected by God - despite the fact that his own church is led by a woman. READ  

Analysis
Women set to dominate top post-election jobs
Margot Wallström (right) could become Stefan Löfven's new Minister of Foreign Affairs. Photo: TT

Women set to dominate top post-election jobs

Sweden could soon get a female Foreign Minister, Fredrik Reinfeldt's ousted Moderate Party is preparing for its first woman leader and the grandmother of actor Hugh Grant's son is being tipped as Parliament's next Speaker. READ  

National
Sweden protests over Russian plane incursions
A Gripen plane was scrambled to see off the Russian planes. Photo: Johan Nilsson/TT

Sweden protests over Russian plane incursions

UPDATED: Sweden has summoned the Russian Ambassador for a dressing down after two Russian planes violated Swedish airspace last week. READ  

Elections 2014
'Good prospects' for Alliance co-operation

'Good prospects' for Alliance co-operation

UPDATED: Social Democrat leader Stefan Löfven says he is positive that his party can co-operate with the former governing Alliance on some issues. READ  

Lifestyle
Introducing...Astrid Lindgren
Pippi Longstocking comes to live at the Astrid Lindgren theme park. Photo: TT

Introducing...Astrid Lindgren

The creator of Pippi Longstocking, Astrid Lindgren, is the most translated author from Sweden, and has filled children's imaginations since the 1940s. The Local finds out why her work has become a timeless classic. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
The 'black gold' of Sweden's west coast.
National
West Sweden prepares for the 2014 lobster premiere
Society
What's on in Sweden
Politics
How Sweden Democrats went mainstream
Politics
Scandinavia and Scotland: closer links?
Gallery
Property of the week - Eskilstuna
Blog updates

20 September

How a Frog Can Save the Environment (Stockholm in my American Heart) »

"What we do we imagine when we think of children enjoying nature? Perhaps it’s fishing, marveling at lightning bugs on a muggy July day or blowing on the wispy petals of a dandelion to make a special wish. But perhaps most iconic of the playful innocence in childhood is hopping after and trying to catch..." READ »

 

19 September

Editor’s blog (The Local Sweden) »

"Happy Friday readers! It sure has been a exciting week in Sweden, where we’re set to get a new Prime Minister after Fredrik Reinfeldt stepped down following Sunday’s elections. The Local blogged live from the key political gatherings across Stockholm. Why not re-visit the action by taking a look at our photos, tweets, videos and analysis? Since the..." READ »

 
 
 
Sponsored Article
How to start a business in Stockholm
Society
How I became a surf blogger when I moved to Sweden
Gallery
People-watching: September 13th
Society
Why is Stockholm's Södermalm so cool?
Gallery
People-watching: September 11th
Gallery
People-watching: September 13th
Politics
Five possible election outcomes
Politics
Sweden elections: How do they work?
Politics
Sweden elections: Who's who?
Gallery
Property of the week - Hornstull, Stockholm
Analysis
Five differences between the UK and Sweden
Welshman Jonny Luck is now a chef in Sweden
Society
How I opened my own restaurant in Sweden's Malmö
Sponsored Article
Stockholm tech fest: relive the magic
Gallery
People-watching September 8th
Photo: TT
Politics
Feminists fight for first seats
Politics
Immigration cut push from Sweden Democrats
Sheryl Sandberg says women have "low expectations"
Tech
Facebook exec talks women's limits in Swedish business
Politics
Left Party calls for justice and equality
Politics
Green Party wants 'better world' for kids
Lifestyle
The five best Swedish songs of the month
Sponsored Article
Introducing… Insurance in Stockholm
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

869
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN