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Decision may sway Swedish voters to reject single currency

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posted on Jun, 11 2003 @ 08:12 PM
BRITAINíS decision to hold off on the euro could help persuade at least one other European Union member - Sweden - to stay out.

The countryís nine million population is to vote on euro entry in a referendum in September, and polls show public opinion has slowly shifted in favour of keeping the krona.

Euro proponents brushed off Britainís decision to stick with the pound yesterday.

"Sweden is a small and open economy," said Jonas Frycklund, a spokesman for the Federation of Swedish Industries, a pro-euro trade group. "Itís not like Britain, which is big. Everybody here is aware of that."

posted on Jun, 11 2003 @ 08:13 PM
The term "laissez-faire" comes from France, but it's the United States that has applied the economic term in its purest sense to business on the Internet, banning Internet-specific taxes and dragging its feet on taxing e-commerce retail sales.

Europe's latest economic policy export isn't getting such an enthusiastic embrace from the American lawmakers and the business community .

On July 1, the 15-nation EU will begin collecting the VAT, or value-added tax, on sales of digital goods and other electronic transactions from U.S. and other non-EU companies. This means that American companies selling downloadable music, movies, games and software to customers in the EU might have to collect taxes that could boost the total cost of their products in Europe by as much as 25 percent.

For companies like America Online and Internet auction giant eBay, it means additional costs for restructuring their European operations, as well as possible price increases for their customers.

posted on Jun, 11 2003 @ 08:21 PM
yeah, over here Ive been reading in all the papers, its a big debate over the Euro. I think that britain, no matter what, will keep the pound. They simply want to let Europe know that they can still survive without getting sucked into the United states of Europe totally.

The Euro is just the beginning of NWO. We alreay have a single currency in the western hemisphere, the dollar. One world, one currency?

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