Sweden and the euro
Overview of the relationship between Sweden and the euro / From Wikipedia, the free encyclopedia
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Sweden does not currently use the euro as its currency and has no plans to replace the existing Swedish krona in the near future. Sweden's Treaty of Accession of 1994 made it subject to the Treaty of Maastricht, which obliges states to join the eurozone once they meet the necessary conditions.[1][2] Sweden maintains that joining the European Exchange Rate Mechanism II (ERM II), participation in which for at least two years is a requirement for euro adoption, is voluntary,[3][4] and has chosen to remain outside pending public approval by a referendum, thereby intentionally avoiding the fulfilment of the adoption requirements.