Tuesday, September 02, 2003

Swedish PM Hits Out at Euro 'Big Three'

I said things were hotting-up in Sweden:

Göran Persson, the Swedish prime minister, on Monday attacked Germany, France and Italy - the eurozone's three biggest countries - for failing to prepare for euro membership and undermining the eurozone economy. With less than two weeks to go before Sweden's referendum on joining the euro, Mr Persson said Germany, France and Italy - which make up about 60 per cent of the eurozone economy - should have done more to put their public finances in order and build up budget surpluses before the euro was launched. "If they had behaved as Sweden, Finland, the UK and others during the 1990s, preparing their economies for the downturn, we should not have had this situation today," he said.
Source: Finacial Times

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