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Swedish Social Democrats against Sweden support for the euro pact  

Tuesday, 17 January 2012
The Swedish opposition party, the Social Democratic have put their feet firm on the ground and maintained their stance on rejecting the proposal for Sweden supporting the euro pact. Swedish Finance Minister, Anders Borg of the Conservative Moderate party on the other hand wants Sweden to be with the euro countries' in their own financial summits.

"We said in December that we were against the negotiated proposal, because we thought it would be a backdoor entre into the euro. Now that we have studied the new documents, it confirms the picture we have. This is not a solution to Europe's problems,” says  the Social Democrats leader Hakan Juholt.

He believes that the Swedish budget rules are a better and is more an efficient system tan what is practiced in the Euro countries.

"The proposal contains so many uncertainties, both legally and politically about what the consequences would be for Sweden. So our message to the government and the Swedish people is that we stand by our 'no' response,” said Juholt.

"The Social Democrats wants that Sweden's chair would likely be empty as such their no would mean that of the 50 years of Swedish policy on Europe, Sweden will not be where decisions are made, "said Carl B. Hamilton of the People’s Party, chairman of Parliament's EU committee.


The Social Democrat’s 'no' means that if it stands, the government can not get through a decision to join Sweden at the Euro countries' pact.
"This is uncomfortable for Swedish companies because the discussions among the euro countries also can include things such as competitiveness, "said Hamilton.

In order for Sweden to join the euro countries' pact for fiscal discipline, Sweden must be part of the euro zone's summits, according to Finance Minister Anders Borg. Hi office holds that this shall not be construed as a condition to say “yes” to the pact.

The Green Party calls for a formal clause to show that even if Sweden says yes to the pact, it has no obligation to join the euro.

According to the economic policy spokesman for the Centre Party, Per Åsling, the Pact and the euro are two different things, but the party must still have the “no” line when it comes to the euro as reflected in the referendum in 2003. It is also important, according Åsling, that Sweden does as much as we can to help the euro countries to solve their problems, and thus support Swedish exports to the euro area.

The Left Party argues that it would be contrary to the results of the referendum to say yes to the pact, because the only reason to join, according to the Left party, is that Sweden is aiming to join the monetary union in the future.

Borg argues that several issues must be dealt with before he can recommend a “yes” or a “no” to the Swedish participation in the pact. He believes, however, that there is no binding obligations on countries without the euro joining the pact.
Prime Minister Fredrik Reinfeldt on his part is not happy that the Social Democrats tend s to make things hard for him. He would have loved that the Social Democrats accept to support him and them he decides on which direction to take.

He might have felt that since the former Social Democrat leader and Prime Minister Göran Pärsson had called for his party’s to support the Euro pact, the current leader who is having leader issues would yield. That has turned out to be not possible.
By Team

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