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The SEK was lower than this during the economic crisis, due to the flight to stability phenomenon. It has been pretty stable around 10,5 vs the euro for a year.

Unless and until Sweden decides to join the euro (a prospect that last poll I saw had support for in single digits), the currency will float. Sputnik chooses the reference point to compare with when the euro was at its weakest in 2012, but that was not because the krona was strong, it was because the eurozone being in crisis.

Russian media's narrative regarding Sweden is mainly the standard "Western country in unmasculine decline", which they serve whether it fits the occasion or not, sometimes flavoured with Charles XII references.

by fjallstrom on Thu Apr 18th, 2019 at 06:02:57 PM EST
[ Parent ]
I pointed to third-pary sources linked in the article.

What do you have?

Diversity is the key to economic and political evolution.

by Cat on Thu Apr 18th, 2019 at 07:12:21 PM EST
[ Parent ]
That said, an argument for indifference, SEK devaluation relative to EUR, USD, RMB, or RUB for that matter, given current trade balance and domestic demand.

Swedish economy isn't exactly Egyptian economy, for example, is it?

Diversity is the key to economic and political evolution.

by Cat on Thu Apr 18th, 2019 at 07:18:05 PM EST
[ Parent ]

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