Overview of the relationship between Sweden and the euro
Eurozone participation
European Union member states
(special territories not shown)
20 in the eurozone
1 in ERM II, without an opt-out (Bulgaria)
1 in ERM II, with an opt-out (Denmark)
5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden)
Non–EU member states
4 using the euro with a monetary agreement (Andorra, Monaco, San Marino, and Vatican City)
2 using the euro unilaterally (Kosovo and Montenegro)
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Sweden does not currently use the euro as its currency and has no plans to replace the existing Swedish krona in the near future. Sweden's Treaty of Accession of 1994 made it subject to the Treaty of Maastricht, which obliges states to join the eurozone once they meet the necessary conditions.[1][2] Sweden maintains that joining the European Exchange Rate Mechanism II (ERM II), participation in which for at least two years is a requirement for euro adoption, is voluntary,[3][4] and has chosen to remain outside pending public approval by a referendum, thereby intentionally avoiding the fulfilment of the adoption requirements.
^EU4Journalists.eu Archived 1 December 2008 at the Wayback Machine, Economic and Monetary Union and the Euro eu4journalists, accessed 8 January 2008
^"European Commission > Economic and Financial Affairs > The euro > Your country and the euro > Sweden and the euro". Ec.europa.eu. 30 May 2012. Retrieved 10 December 2012.
^"Sverige sa nej till euron" (in Swedish). Swedish Parliament. 28 August 2013. Retrieved 12 August 2014.
^"Information on ERM II". European Commission. Retrieved 10 April 2023.
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