Sweden
Ill wind blows at Riksbank
On a rather breezier note, in August the Riksbank paid out over $100,000 in compensation to a disgruntled employee. 44-year-old computer technician Goran Andervass had fallen out with one of his colleagues after being "provoked by a disgusting fart - a…
Wim Duisenberg on Sweden's euro referendum
In a statement made September 14 ECB President Wim Duisenberg said he took note of the result but said the "outcome of the referendum will neither have an impact on the European Central Bank's policies and operation nor on the euro's position".
The Riksbank on the result of the euro referendum
Statement by the Sveriges Riksbank on the decision of Sweden to reject the introduction of the euro on September 14. "The result of the referendum means that the forecasts of inflation in Sweden 1-2 years ahead will continue to determine the way monetary…
European Parliament on the referendum in Sweden
The Chair of the European Parliament's Committee of Economic and Monetary Affairs Christa Randzio-Plath said on September 15 that the Swedish euro vote shows that we politicians have been unable to get the message across to voters - that the Euro will…
Euro rejection will cost Sweden: Prodi
Sweden's "nej" to the euro on September 14 will have both an economic and political price to pay, European Commission president Romano Prodi said. Final results showed the vote split decisively in favour of the no's on 56% against 42% in favour of…
Sweden says euro referendum to go ahead Sunday
Despite the murder of Sweden's Foreign Minister Anna Lindh on Wednesday, the euro referendum will still go ahead on Sunday, Swedish Prime Minister Goran Persson said, according to Reuters.
Swedish PM says euro vote will be tight
Swedish Prime Minister Goeran Persson has said the race will be tight in the euro referendum vote on Sunday, according to Associated Press. "I think it's going to be somewhere in the 53-47 interval. But which way I don't know," he said.
Lars Heikensten on the Riksbank and the euro
In the speech 'The Riksbank and the euro' given on 4 September Lars Heikensten of the Sveriges Riksbank said in his opinion, the value of conducting a national interest rate and exchange rate policy is exaggerated in the EMU debate. On the other hand, it…
Nyberg on developments in the property market
In a speech on 'Developments in the property market' given on 2 September, Lars Nyberg of the Sveriges Riksbank said in the housing market, prices have continued to rise despite the recent economic slowdown. The market for commercial property has instead…
False conceptions of the euro and the Riksbank
In a speech on 'False conceptions of the euro and the Riksbank' given on 3 September, Kristina Persson of the Sveriges Riksbank said less than two weeks remain now to the referendum that will determine whether Sweden shall introduce the euro. Adopting…
'Yes' camp narrows gap in Sweden's euro poll
The gap narrowed to just 5 percentage points between the No and the Yes camps in Sweden on Wednesday 3 September in the campaign to join the euro, according tothe Financial Times. A poll by Demoskop gave the No camp a 44 per cent to 39 per cent lead, the…
Irma Rosenberg on the economic outlook for Sweden
In the speech 'The economic outlook for Sweden' given on 2 September Irma Rosenberg of the Sveriges Riksbank said in the June Inflation Report, the Riksbank concluded that there had been a gradual deterioration in both Swedish and international economic…
Swedish PM takes a swipe at eurozone economies
With Sweden's referendum on the euro fast approaching, Goran Persson has hit out at the fiscal policies in leading eurozone economies Germany, France and Italy saying the three should have done more to put their public finances in order and build up…
Stiglitz: Little to gain & much to lose from euro
Joseph Stiglitz says the euro has failed its first test: Swedes may vote no to the single currency - and with good reason. With a majority of Swedes likely to vote no in the upcoming referendum on the euro Stiglitz suggests in an article in the UK's…
Srejber on lessons from Growth and competition
In the speech 'Growth and competition - lessons from the past' given on 25 August Eva Srejber of the Sveriges Riksbank said there have been many changes in the Swedish economy in recent times. The external framework is currently characterised by…
Sweden: No new poll 'till 2010' if euro shunned
A No vote in Sweden's euro referendum would mean at least ten years before a new referendum could be held, prime minister Goran Persson said Sunday. He said a No vote would place Sweden "last in the queue" for entry to the single currency, the Financial…
Minutes ,Sveriges Riksbank Board meeting 14 August
Minutes of the Sveriges Riksbank Executive Board meeting on 14 August, published 28 August. It was the view of the Executive Board that the new information that had been received since July had confirmed the Riksbank's forecast of a recovery in the world…
Kristina Persson on Sweden and the euro
Deputy Governor of the Sveriges Riksbank Kristina Persson spoke on 25 August at a seminar organised by the Center for Business and Policy Studies on the advantages and disadvantages of participating in monetary union. She said she was convinced that the…
Swedish cabinet split over euro decision
The Swedish government, already split over whether to join the euro, was headed for crisis on Tuesday amid reports of an imminent cabinet reshuffle, reports Eubuisiness.com. The national referendum on whether to join the single currency is to be held on…
Persson tells Swedes euro won't hit welfare scheme
With the September referendum on the euro fast approaching, the Financial Times reports that Swedish prime minister Goran Persson has moved to reassure Swede's that their generous welfare programmes would not be damaged by euro membership.
Swedes to reject euro, Nordea forecasts
Economists at Nordea have changed their forecast for the first time, according to Bloomberg, and now say Sweden will vote no in the 14 September euro referendum.
What'll it be Sweden, in September's euro vote?
September's vote on adopting the euro has Sweden on edge, this article in BusinessWeek reports. So, is it ja or nej? Just a year ago, the yes side was well ahead. But a sluggish euro zone, along with a slowdown at home, has helped shift sentiment sharply.
Sveriges Riksbank - Annual Report 2002
The Sveriges Riksbank has published its Annual Report for the year ended 2002. In the Governor's statement Lars Heikensten said economic development was subdued in 2002 by the considerable stock market decline and households were hit by sizeable…
Sweden's Persson shifts euro-debate to politics
Swedish prime minister Goran Persson urged Swedes to vote yes to the euro in the 14 September referendum, according to EUObserver. Speaking on Sunday 3 August he said "The economic arguments are important, but the political arguments are decisive for me…