New poll: Swedish business leaders in favour of joining the Euro

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New poll: Swedish business leaders in favour of joining the Euro
Sweden is a member of the EU but has never joined the Euro. Photo: Henrik Montgomery/TT

Should Sweden ditch the krona and adopt the Euro as its currency? That’s what just over half of all business leaders who responded to a fresh survey think.


Business magazine Dagens industri asked around 2,000 business leaders in Sweden whether they thought the country should join the Euro, and 51 percent said yes.

That’s an increase compared to 40 percent in the summer of 2020.

Similarly, 39 percent told the new survey that Sweden should keep the krona as its currency, a decrease from 54 percent in 2020.


Increasingly shaky global politics may be a factor behind the growing popularity of the Euro, according to Jonas Fritz, an opinion analyst for pollsters Ipsos.

“Just like opinion has shifted on the question of Nato, this is another sign that people want to move closer to other countries and be part of an international context,” he told Dagens industri.

Sweden joined the European Union in 1995 but didn’t adopt the Euro. In 2003, the country held a referendum on whether or not to join the Euro, but 56 percent voted no.

And recent polling suggests that despite business leaders' change of heart, the general public is less convinced. Sixty percent told a survey by national number-crunchers Statistics Sweden in November 2022 that they would vote no if asked again.

The Swedish krona has fallen against the Euro and the US dollar in recent years. Today, one Euro costs 11.14 kronor, compared to 10.20 kronor in the summer of 2021.


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Aravind 2023/06/25 22:49
People need to deeply rethink , a stable and a powerful EURO is always better, it was 11.14 when this article was written and today it is around 11.75 against a Swedish Krona in just 3 months. All of Sweden's neighbours currency values are high and as far as I know Sweden's currency value is the weakest today in Western Europe.

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