Sweden and the Greek Crisis

Better off without the Euro?

While negotiations over massive cut-backs in the Greek state budget are underway in Athens, economists warn that the crisis of the Eurozone will also have a notable impact on the Swedish economy and maybe even the upcoming elections in the autumn - even though this Nordic country has not adopted the European single currency.

The Greek crisis is not only dangerous for the 16 nations that are part of the Eurozone, even countries that have stayed outside the monetary union could be affected. And that especially includes export-orientated economies such as the Swedish one, maintains Staffan Sonning, senior economics correspondent for Swedish Radio. He says he has never seen a crisis like this one before.