• 77 Posts
  • 23 Comments
Joined 2 years ago
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Cake day: June 10th, 2023

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  • How so? There isn’t a common defense policy in the EU that I know of, so any country is free to support Ukraine as much as they want, as far as I know. Happy to be corrected though.

    I’m sure there are some brexit benefits somewhere, but I don’t think this is it. What Orban is doing is stopping the EU doing something together, but he can’t stop Denmark or Poland from supporting Ukraine if they wish to do so.












  • They could do it because we were a small currency, and it it didn’t quite work, at least not the way it worked before. The currency is now “floating” against other currencies which it wasn’t back then, and we had a recession at the time. I agree that Sweden would be giving up a few tools in the economic toolbox, but on the other hand it gains a few others. I can’t say which ones are more valuable because I’m not an economist. I suspect you’re not either.



  • The government has to balance the budget anyway, and devaluing your currency is a bit like peeing your pants. It’s nice and warm for a bit and then increasingly uncomfortable.

    Inflation goes up, you see capital fights because you’re not a reliable currency, you increase your national debt, and you instantly make the entire population poorer than their neighbor countries.

    So while there are some benefits, most economists argue against it.

    I can’t say if Sweden going for the Euro is good or bad for Sweden, and there’s a paradox in asking people about it, because if the SEK is weak then support goes up, but it’s a bad time to join because of the low value, but if the SEK is strong then support goes down, although we’d be in a much position to join.