Sveriges inställning till EMU : underkastelse av kollektivet kontra nationell obundenhet

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After Sweden became a member of the European Union, EU, the debate regarding the Swedish participation in the EU’s currency co-operation, the European Monetary Union, EMU, has been intense. One of the biggest issues has been how our national economic politics will work within such a monetary union. What instrument will remain for the national economic politics within the EMU are highly uncertain. The question whether we will be able to affect our own economy or not has long been the essence in the Swedish debate. At the same time that Sweden got membership in the EU, Austria became a member as well. Austria is just like Sweden a small open economy with many similarities to Sweden with regard to politics and economics. One big difference between the countries though, is that Austria at once became a member of the currency co-operation and joined the EMU from the start of it. The debates regarding the EMU has been very much alike in the two countries, though it differs in one important question. One big question that has been raised in Austria is the potential of a wider co-operation within the EMU than at present. This discussion has led to suggestions of a wider co-operation through discussions between the EMU-countries, larger possibilities for sanctions against countries which are not following the common economic plan or even suggestions about a politic union. There is very much a discussion in the spirit of collectivism. In Sweden non of this is even an issue. Here the whole debate is focused on the national possibilities and losses in a monetary union. How the country will be able...