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by lispm
532 days ago
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> The Swedish government has said repeatedly they don't plan to join despite being legally obliged to do so. Sweden is long in the EU. CURRENTLY the expectation to new member states to join the Euro when joining the EU is different -> much higher. Sweden was also long not in NATO. Now it is. Similar, support in polls for Euro introduction is rising. |
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I don't agree. It isn't just Sweden; Poland, Czechia, Hungary, Romania too. The time between EU accession and Euro adoption is normally a decade or more. If a government doesn't want to adopt the Euro, there are heaps of levers they can pull to slow the process down, and there is no way to punish a government for doing that. The easiest is that you have to join ERM II at least two years before adopting the Euro, but nobody can force you to join ERM II – so Sweden, Poland, Czechia, Hungary and Romania have all refused to join it. The only current ERM II members are Denmark (with a formal opt-out), and Bulgaria (which wants to adopt the Euro – it had hoped to do it 1 January 2025, but the ECB says their inflation is too high – 5.1%, the limit is 3.3%). If Bulgaria gets inflation down in 2025, they may succeed in joining on 1 January 2026.
When negotiating to join, the politicians say "sure, we promise we'll adopt the Euro", knowing that they'll likely be retired by the time joining the Euro is a real possibility.
> Sweden was also long not in NATO. Now it is. Similar, support in polls for Euro introduction is rising.
Yes, but that doesn't change the point – an EU member state (present or future) cannot be forced to adopt the Euro, it will only happen if the member state's government is willing, and they'll likely only be willing if it is sufficiently popular with their people.