In the Scandinavian countries there has now started a debate on joining the eurozone, in Sweden, in Denmark and in Iceland where demonstrations have been held for an Icelandic entry into the European Union and the eurozone. A rapid change of opinion since a couple of years ago.
Is the euro a failure, who's stability will be tested severely by the current crisi? Is it a saviour for small economies, that are too small to stand up for their own in a crisis? Denmark is spending a lot of resources of keeping its krona in line with the ERM II agreement, and some think it might as well enter now, while Sweden's and Iceland's currencies are falling. Seeing the eurozone as a "quick fix" to current economic problems in Scandinavia is any case not viable solution, but the next weeks will probably see changes in Scandinavia.
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