Central Banking

Sweden to set course for decision on euro entry

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Sweden looks set to name a date for a referendum on entry to the euro. Swedish central bank deputy governor Lars Heikensten recently said in a speech that the most likely date for a referendum would be Autumn 2003. In an interview Swedish PM Goran Persson said, interestingly, that he was "convinced" that the country could get an exemption from ERM2 and that Sweden could join the euro in January 2005. Both statements appear to be at odds with central bank statements made recently, although the

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