It is easy to be wise hindsight

A non-binding referendum on introduction of the euro was held in Sweden on 14 September 2003. The majority voted not to adopt the Euro, and thus Sweden decided in 2003 not to adopt the Euro for the time being. I voted for a transition to the Euro.

Voting no to the Euro, which is the official currency of the 20 countries that make up the euro area despite being a member of the EU since 1995, is a truly uphill battle. If Sweden had voted for adopting the Euro, the transition would have taken place in 2006. The Swedish krona has lost almost 28% in value against the EUR since then.

It is not only crime that is significantly higher in Sweden compared to our neighboring countries, inflation is also higher compared to them.

Of our neighboring countries, only Finland adopted the Euro. So to think that a transition to the Euro would solve Sweden's inflation problem is ridiculously, but I personally think it would make things easier for Sweden.

As a member of the EMU, you do not have the opportunity to control your own policy interest rate and currency policy, but have to follow what the EMU has agreed upon. That would force Riksbanken, Sweden's central bank, to find other tools to counteract inflation.