this post was submitted on 12 Aug 2023
518 points (98.0% liked)
Europe
8484 readers
1 users here now
News/Interesting Stories/Beautiful Pictures from Europe ๐ช๐บ
(Current banner: Thunder mountain, Germany, ๐ฉ๐ช ) Feel free to post submissions for banner pictures
Rules
(This list is obviously incomplete, but it will get expanded when necessary)
- Be nice to each other (e.g. No direct insults against each other);
- No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
- No posts linking to mis-information funded by foreign states or billionaires.
Also check out [email protected]
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Probably because rejoining now means it'll be on very different terms. Luxuries like keeping the Pound would go away
While the UK had a bunch of luxuries, keeping the pound wasn't one of them. Eurozone != EU
Every EU member is obliged to join the eurozone. The EU members who have not yet done so are still to meet the convergence criteria, with the only exception being Denmark who obtained a special exemption (along with the UK) during the negotiation of the original Maastricht treaty.
On the flipside, although Sweden is technically obliged to join the eurozone eventually, it has avoided doing so by intentionally not fulfilling the convergence criteria (by not joining ERM2). Most political parties in Sweden acknowledge it would be in everyone's best interest to join but a national referendum rejected the euro in 2003. The EU seems content to let them do whatever for the time being, so maybe the UK could chart a similar course if it were to rejoin, hypothetically.
Iโm convinced that a new Swedish vote today would have a different outcome. Lots has happened in 20 years. The SEK sucks right now as well.
I think if the EU could agree to allow national motifs on the obverse side of the banknotes as well it would become a no-brainer for sweden to adopt the euro, that feels like the major blocker for the average swede, we like our motifs.
And it just feels somewhat silly to not allow it anyways, surely if it's okay to have national motifs on the coins then it should be fine on bank notes? And it's in the spirit of the EU.