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Trump’s new world order is pushing Sweden to warm up to the euro
After Russia’s invasion of Ukraine triggered an about-face on NATO membership, Sweden is starting to consider another historic shift: adopting the euro. While the debate is in its early stages, a subtle but notable shift is taking place as conditions change. In 2003, when voters rejected Europe’s common currency in a referendum, the focus was on the krona’s ability to act as a buffer for the largest Nordic economy, but now geopolitical concerns have added a new dimension. On top of threats from Russia and China, U.S. President Donald Trump’s America First foreign policy — including threats to acquire ... (full story)