Swedish euro referendum, 2003
A non-binding referendum on introduction of the euro was held in Sweden on 14 September 2003. The referendum failed. As a consequence, Sweden decided in 2003 not to adopt the euro for the time being. Had they voted in favor, Sweden would have adopted euro on 1 January 2006.
The ballot text was "Do you think that Sweden shall introduce the euro as currency?" (Swedish: ”Anser du att Sverige skall införa euron som valuta?”). Sweden in Europe was the main umbrella group campaigning for a Yes vote. The resistance was led by two organisations, representing left and right side politicians respectively. The political parties were divided, some supported introducing the euro, some were against, and the Social democrats did not take position due to internal disagreements.
Sweden joined the European Union in 1995 and its accession treaty obliges it to join the euro. However, one of the requirements for eurozone membership is two years' membership of ERM II, and Sweden has chosen not to join this mechanism and as a consequence tie its exchange rate to the euro ±2.25%. While there is government support for membership, all parties have pledged not to join without a referendum in favor of doing so.
The voter turnout was 82.6%, and the referendum failed with 55.9% against and 42.0% in favor A majority of voters in Stockholm county voted in favor of adopting the euro (54.7% "yes", 43.2% "no"). In Skåne county the people voting "yes" (49.3%) outnumbered the people voting "no" (48.5%), although the invalid and blank votes resulted in no majority for either option. In all other polls in Sweden, the majority voted no.
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