Sweden already fulfils euro pact criteria

Swedish Prime Minister Fredrik Reinfeldt on Tuesday asked parliament for more time to consider whether the country should participate in the new euro pact. For the daily Göteborgs-Posten Sweden would do well to join in: "The goal of the pact is to prevent excessive budget deficits. Such a system of regulations was introduced in Sweden during the crisis in the 1990s and helped it to develop the healthiest public finances in Europe. Joining the euro pact wouldn't entail a single change to our economic policy. That alone is a reason to say yes. It is in Sweden's interest to prevent a two-speed Europe in which a minority hobbles along behind the rest. But the decisive reason for a Swedish yes is economic policy. The core of the EU is the Single Market, free of barriers for people, goods, services or capital."

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