Swedes go to the polls on September 14 to decide whether to adopt the euro. The result of the referendum may be close. A poll published in late June showed support for the euro at thirty ﬁve percent, a no-vote of ﬁfty one percent, and fourteen percent still undecided.
If there is a no-vote, by 2007 Sweden, Denmark and Russia could be the only countries around the Baltic not using the euro. If it is yes, and if the European Union (EU) decides that Sweden has fulﬁlled the necessary conditions to adopt the currency, the krona could disappear in 2006.
The no-campaign led by the Green and Left parties includes those from other parties critical of European monetary union (EMU). There are worries over loss of power, remoteness from decision-making, lessening of democracy, higher unemployment, and the loss of traditional Scandinavian welfare values.