Updated
Updated · Bloomberg · Jun 10
Swedes Cut Euro Support to 28.7% as Krona Confidence Holds
Updated
Updated · Bloomberg · Jun 10

Swedes Cut Euro Support to 28.7% as Krona Confidence Holds

1 articles · Updated · Bloomberg · Jun 10

Summary

  • 28.7% of Swedes now back replacing the krona with the euro, down from 32% a year earlier in a Statistics Sweden poll released Wednesday.
  • 52.1% oppose joining the euro area, and the 3.3-point drop in support was larger than the survey’s 1.4% margin of error.
  • Confidence in the krona as a buffer for Sweden’s economy during turbulent global markets appears to be driving the second straight annual decline in enthusiasm for euro entry.

Insights

As politicians revisit euro adoption, could Sweden be forced to abandon its krona against popular will?
Is Sweden's independent krona a vital economic shield or a risky gamble in a volatile world?