Our newly appointed minister of the labor market Johan Pehrson from the Liberals made a statement the other day about a possible full membership in EMU for Sweden.
Unfortunately, Mr. Pehrson must have missed the unwritten rule of not baring your neck when under attack when he expressed concern about the increasingly weak SEK.
During the interview, he acted unprofessionally and pointed out a limit, 15 SEK for 1 EUR, as an indication of introducing the euro. A statement Mr. Pehrson then retracted.
I myself am in favor of the Euro as a currency and voted for a membership in the Swedish referendum in 2003. Back then, 1 EUR costed 5 SEK, compared to today when 1 EUR costs 12 SEK.
Waiting for the SEK to lose even more value against the EUR before a possible transition is, in my opinion, unwise. Assuming there isn't another agenda you want to keep hidden until it's completed.
Time will tell if this is the case or if Johan Pehrson spoke without thinking.
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