Commission statement on the Swedish referendum

The Commission takes note of the decision of the Swedish people. We firmly believe that the euro, our currency, has brought and will continue to bring advantages to the euro area economy.

The euro has provided much needed stability in the individual member states' economies and has created an appropriate springboard for the Lisbon agenda to make Europe the most competitive and socially cohesive area in the world. It has also contributed to international financial stability.

The euro is the world's second most important currency but it is still a young currency. Its full impact has still to work its way through to the euro area economy and that is what we are in the process of achieving together.

Sweden could have influenced this effort by deciding to join the euro. We are confident that the Swedish Government will choose the way forward to keep the euro project alive in Sweden.

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