Sweden starts exploring options for switching to the euro



02/17/2026 1:59 AM


Sweden is thinking about changing from its own currency, the krona, to the euro, according to Bloomberg.



Håkan Dahlström via flickr
The discussion is still in the beginning phase, but it shows a significant change in the nation's stance.  In 2003, Sweden voted against adopting a single European currency in a referendum, and now, the challenges faced by smaller economies in the context of competition among major powers have become even more complex due to emerging geopolitical factors, according to the publication. 

The main reason to support the euro is that it would enhance political cooperation, allow Sweden to have a say in European monetary matters, and help increase trade and direct investment across the region. 

Sweden has officially become a full member of NATO, and the country is working closely with its EU partners to enhance its defense capabilities.  Cecilia Rönn, a member of parliament from the Liberal Party, stated, "But we still have one foot outside the system because we are not involved in monetary cooperation."

source: bloomberg.com

 


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