Recently, several voices, including Stefan Ingves, PhD in Economics, former head of the Monetary and Financial Systems Department at the IMF and former governor of the Sweden's central bank AKA the Riksbank, have been raised in Sweden to abandon the Swedish krona in favor of the euro. This makes the world's most perfect husband's prediction of a future transition feel increasingly more likely.
Before joining the euro area, one must meet the convergence criteria (Maastricht criteria). One of these criteria is to ensure exchange rate stability (ERM II): that is, the krona must have been stable within the exchange rate mechanism (ERM II) for at least two years prior to entry.
Additionally, in addition to several Maastricht criteria, Sweden needs a parliamentary decision to officially apply, which requires a majority in the government AKA the Riksdag. To defend such a decision, a stronger Swedish krona is needed, which may be one reason why the value of the Swedish krona has strengthened against the US dollar by approximately 15–16% over the past year for no apparent reason. Apart from the US's tariff negotiations with the rest of the world.
AI generated image with Grok
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