The euro would undermine Sweden's independence and welfare

With the Euro, Sweden is no longer fully a state. We can then no longer be able to create money to strengthen industrial production.

Now there are forces that want to exploit crises such as the Corona pandemic and the war in Ukraine to bring us into the euro cooperation EMU. This is advocated by venture capitalist Christer Gardell in Dagens Industri , among others . Dagens Industri writes about how we can be forced into the euro here.

In the Euro, the countries cannot create money based on their national needs

The Eurozone does not have its own currency and has renounced its independence. The currency Euro is issued centrally by the ECB. In order to finance their own policies, the member states have to collect money through taxes or, as a private person, borrow money from the financial market. In addition, the countries must not have more than a three percent deficit. This means a restriction on financing one's own needs. The euro currency's member states cannot therefore pursue an independent policy.

On the contrary, it is an advantage of national deficits for EU countries do not go at the same economic pace.

In the euro area, the EU creates money centrally. The EU thus creates the dominant basic conditions for economic policy for the euro member states. The EU has designed this policy primarily according to Germany's economic needs. But the euro member states do not always have the same economic needs. This was the case for the countries in the southern part of Europe during the financial crisis of 2008-2011.

Welfare and deficits affect society positively

Here I prove how the forces that want to create a sense of disaster about expansionary fiscal policy are wrong . In the euro, the only possibility to strengthen the economy during recessions and crises is cutbacks and privatizations. This is a reversal that risks crushing the economy, the environment and public health, but especially workers' rights . The state will also have difficulty financing technological and pharmaceutical development , which is important for our international competitiveness.

Economist Steve Keens also writes about how the economy tends to grow if the state goes first and creates money.

Red Justice tells how government deficits provide resources for the state to strengthen the economy and save it from crisis.

The euro leads to disaster capitalism

Joining the euro would make Sweden dependent on disaster capitalism, as the neoliberal economist Milton Friedman came up with. Disaster capitalism is based on society exploiting or creating crises. These crises can turn society towards deregulation, privatization and inequality . In times of crisis, the people more easily accept right-wing politics. This means cuts to the people's freedom under responsibility, equality, welfare, jobs, working conditions and human rights.

The reformists say that we need to scrap the fiscal framework in order to be able to combine taxes with creating money when new production, new investments or new needs are needed.

Contingency tax is not enough – time to scrap the framework