Editing Swedish krona (section)

== Relationship to the euro ==
{{Main|Sweden and the euro}}
{{update|section|date=January 2025}}
According to the [[Treaty of Accession 1994|1994 accession treaty]] (effective 1 January 1995), Sweden is required to join the [[eurozone]] and therefore must convert to the [[euro]] once the [[Euro convergence criteria|convergence criteria]] are met. Notwithstanding this, on 14 September 2003, a consultative [[2003 Swedish euro referendum|Swedish referendum]] was held on the euro, in which 56% of voters were opposed to the adoption of the currency, out of an overall turnout of 82.6%.<ref>{{citation |url=http://www.val.se/tidigare_val/emu2003/index.html |publisher=[[Election Authority (Sweden)|Election Authority]] |title=2003 folkomröstning om Euron |trans-title=2003 referendum on the euro |access-date=16 June 2011 |language=sv |archive-url=https://web.archive.org/web/20110610013220/http://www.val.se/tidigare_val/emu2003/index.html |archive-date=10 June 2011 |url-status=dead}}</ref> The Swedish government has argued such a course of action is possible since one of the requirements for [[eurozone]] membership is a prior two-year membership of the [[European Exchange Rate Mechanism|ERM II]]. By simply not joining the exchange rate mechanism, the Swedish government is provided a formal loophole avoiding the theoretical requirement of adopting the euro.

Some of Sweden's major parties continue to believe it would be in the national interest to join, but all parties have pledged to abide by the results of the referendum,{{Update inline|date=November 2014}} and none have shown any interest in raising the issue again. There was an agreement among the parties not to discuss the issue before the [[2010 Swedish general election|2010 general election]]. In a poll from May 2007, 33.3% were in favour, while 53.8% were against and 13.0% were uncertain.

In February 2009, [[Fredrik Reinfeldt]], the [[prime minister of Sweden]], stated that a new referendum on the euro issue will not be held until support is gained from the people and all the major parties. Therefore, the timing is now at the discretion of the [[Swedish Social Democratic Party|Social Democrats]]. He added, the request of [[Mona Sahlin]], former leader of the Social Democratic Party, for deferral of a new referendum until after the 2010 mandate period should be respected.<ref>{{cite news |url=https://www.dn.se/ekonomi/expert-dags-att-slopa-kronan/ |newspaper=[[Dagens Nyheter]] |title=Expert: Dags att slopa kronan |first=Jan |last=Winter |agency=TT |date=27 February 2009 |access-date=12 June 2014 |language=sv |archive-date=3 November 2013 |archive-url=https://web.archive.org/web/20131103040439/http://www.dn.se/ekonomi/expert-dags-att-slopa-kronan/ |url-status=live }}</ref>

{{as of|2014}}, support for Swedish membership of the euro among the general population is low. In September 2013, support fell as low as 9%.<ref>{{cite web |url=http://www.euractiv.com/future-eu/sweden-blames-politicians-low-eu-news-519582 |work=[[EURACTIV]] |title=Support for euro hits all-time low in Sweden |date=8 May 2013 |access-date=11 May 2014}}</ref> The only party in the [[Riksdag]] that supports Swedish entry in the euro (as of 2015) is the [[Liberals (Sweden)|Liberal Party]].<ref>{{cite web |url=https://www.liberalerna.se/politik/eurosamarbetet/ |publisher=[[Liberals (Sweden)|Liberals]] |title=Eurosamarbetet |access-date=29 November 2015 |language=sv |url-status=dead |archive-url=https://web.archive.org/web/20151208164609/https://www.liberalerna.se/politik/eurosamarbetet/ |archive-date=8 December 2015}}</ref>