Lars Heikensten on Sweden's road to EMU

SPEECH - Riksbank governor Lars Heikensten says that direct changeover to the euro from 2006 is good news for the financial sector and will lessen the risk of payment system disturbances. He also emphasised the importance of creating a transparent, clear and efficient framework for fiscal policy to lay firm foundations for stable economic development prior to EMU.

The speech was given at SNS's Monday Club in Stockholm on 2 February 2003.

"First let me comment on the timing of full EMU

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