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September 14, 2003

Swedes reject Euro!

Swedes reject the Euro by a narrow margin! The importance (at least for me) is not this particular issue-but that a popular revolt against elite opinion actually succeeded. I certainly am not by instinct a populist-but I tend to find that elite obscurantism & obfuscation leaves me with a bad taste, at least next to the plain old honest ignorance that might typify the popular side at the worst.

Posted by razib at 02:44 PM




The elite will simply continue to hold referenda until the populace votes the "right" way. (That's what happened in Ireland wrt the Nice treaty.)
Failing that, Euroisation will be done slowly and surreptitiously without any official votes being taken.

Posted by: Sporon at September 14, 2003 04:56 PM


The media heads in Stockholm will soon be chattering about the "embarassment" of the Euro vote and how "backward" the stalwart nation has become.

sigh.

Posted by: vinod at September 14, 2003 06:15 PM


I think popular will via referendum is essential on this point, but one must remember that prior to nationhood Germany was a constellation of a hundred principalities, similarly for France and Italy. Europe is a much more efficient for having gotten rid of many currencies, which tended to help the trade barriers that prevented an optimal adoption of comparative advantage. Just think if every state in the US had different currencies, or that state trade deficits/surpluses were monitored?

There are advantages to joining the Euro, and I think it is somewhat inevitable.

Posted by: eric f at September 14, 2003 07:53 PM


I'm not sure I'd call 56.1% - 41.8% "a narrow margin". Looks pretty definitive to me, and David Carr thinks it may be enough to prevent a second referendum.

He also thinks the Euro is toast, and expects France to bail on it next... heh.

Posted by: Troy at September 14, 2003 08:46 PM


The margin might have been wider had Anna Lindh not been murdered. Very good news though.

Posted by: Peter Phillips at September 14, 2003 11:58 PM


Just think if every state in the US had different currencies, or that state trade deficits/surpluses were monitored?

there is a great deal of truth to this-but there is also a trade-off-for instance, americans buy more expensive sugar than they would because of the south florida sugar lobby and can't trade with cuba because of another south florida lobby. also, people on the coasts subsidize farms in the middle of the country-while we pay for textile subsidies that only benefit south carolina.

europe of course, at least western europe, has a strong cultural affinity-and prior to the reformation there was a rough unity of catholic christianity-so this isn't that big of a deal...but, the elite attitude that public opinion doesn't matter is pretty fucked up in an ostensibly democratic age.

Posted by: razib at September 14, 2003 11:59 PM


"also, people on the coasts subsidize farms in the middle of the country-while we pay for textile subsidies that only benefit south carolina."

This entire "embargo and subsidy" argument isn't very relevant to the Euro debate. We already do the agricultural stuff, as well as general subsidies through the CAP, plus the structural funds.

Posted by: Döbeln at September 15, 2003 12:23 AM


Anna Lindh hasn't appeared on television to make a comment about the vote. Would it kill her to say something nice? Sorry. Couldn't resist.

Posted by: Henry at September 15, 2003 04:14 AM


I don't know the politics of this issue in Sweden but a 15% victory is what we'd call a "landslide" in this country.

Posted by: Katy at September 15, 2003 05:27 AM


In the Swedish vote, 70% of first-time voters were anti, as were 70% of workers (main beneficiaries of the welfare state) and more than half of women (ditto).

The Yes campaign spent five times as much as the Noes, so bollocks to the NWO federasts and long live isolationist neutrality.

Posted by: WJ Phillips at September 15, 2003 04:04 PM