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... Pakistan ForEver
Joining EMU
FOR
This whole concept of EMU (European Monetary Union) all started in 1992 and it has taken more than 10 years to finally implement it throughout EU member countries. ... Sweden is at a stage of thinking of joining and will vote on it on the 14th of September this year. If the people vote for the Euro, then we will have Euros, €, in Sweden starting from 2006. ...
Studies show that the countries that have implemented the Euro have enjoyed a great increase in trade. ... nu, the trade in countries with the new Euro has increased by 29 percent and trade to the outside world with an astonishing 34 percent compared to Sweden’s 23 percent. ... The people’s expectations of the Euro are far higher than expected; there is only so much a currency can do. ... As you see it is too small, and if Sweden where to adopt the Euro and ECB’s interest rate, the government would lose a lot of money needed for healthcare etc. ...
Even if we were to join EMU and the interest rate were the same, we would still have to account for the 10 billion Swedish Crowns it will cost us to change to the Euro, €. ... These are the kinds of savings we can expect from Euro. ...
If we do not adopt the Euro, Sweden might lose a lot future tourists because of all of the currency exchange hassle. They might instead of traveling to Sweden, travel to EU countries that have the Euro. ...
Take Finland for an example, after they adopted the Euro, there economy has not only just surpassed the Swedish but they have also gotten a lot more tourists.
Approximate Word count = 1374
Approximate Pages = 5.5
(250 words per page double spaced)
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