Tell me Zack, does Sweden still have it's own currency or has your government sold you out to the single currency? How do you feel about this?
We still have the Swedish Krona.
I would like to see the Euro as a currency myself, but the Swedes voted against it (there's a majority in the parlament for the Euro though), so I doubt there will be Euro in at least 10-15 years, at least I hope not. The parlament should respect the decision of a general vote IMO, even though I don't agree with the outcome.
There are many pros of being part of the Euro, as I believe it will be the most powerful currency in the world in a few years.
The currency is less vulnerable, to name the most obvious.
The biggest drawback, is that Sweden would not be able to dictate rates and such for its currency any longer, instruments that are used to keep the market optimized.
That tool wouldn't be as sharp and specific, since not all countries that are Euro countries have the same economic situation and needs.
All in all though, I think the pros outweighs the cons.
YIP
Zack