Analysis

‘Democracy will be threatened if you lose grip on public finances’

By January 2012 (Magazine)

Former Swedish prime minister Göran Persson recalled the night in 1997 when the EU’s Stability and Growth pact was negotiated. His cabinet had already made the decision that Sweden would not join. “We had decided we were not mature enough to join this club, so we would wait. But even then, we were in much better shape than many of those who took it as a given that they should join the euro-zone.”

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