
Swedish Election Pact Paves Way for Euro Referendum
An unlikely political alliance opens for a reversal of the no-euro outcome from 2003. But the currency switch would not benefit the Swedish economy.

An unlikely political alliance opens for a reversal of the no-euro outcome from 2003. But the currency switch would not benefit the Swedish economy.

While the Hungarian people seek stability and the preservation of their way of life, Magyar’s sponsors in Brussels are salivating at the prospect of a compliant, hollowed-out Hungary.

France’s political calendar turns the European Central Bank succession into a strategic issue for the Franco-German axis.

The September election is shaping up to be a fight over what currency the Swedes should be using in the future.

The Balkan country is set to become the euro zone’s 21st member at midnight.

Prime Minister Ulf Kristersson’s party wants to explore a path for Swedish euro zone membership. It would be a bad idea for Sweden to give up its own currency.

In 2010-2014, the EU was the scene of a major fiscal crisis. Since then, nobody has treated the root cause, only the symptoms. Therefore, it is no surprise that history is about to repeat itself.

When the next major fiscal crisis hits, Europe’s credit-challenged governments will pull down the banks with them. A crisis bigger than the one 15 years ago can no longer be ruled out.

Eurostat says inflation looks calm—but beneath the surface, a worrying split is emerging. Polarized inflation poses a serious challenge for the ECB and an increasingly hands-on Brussels.

While the government hails euro accession as a historic milestone, critics point to poor public support and warn of price shocks for ordinary citizens.