Sweden: No to euro bonds
Written by: TOMMIE ULLMAN
Published on 06-27-2012
Link to the article
Summary: This article outlines the current feelings that the Swedish Parliament feel towards the EU creating a banking union. The Swedish believe that countries in need of significant financial assistance for the EU should just fix the problems that are causing such complications. The bonds that the EU would use require wealthier countries to buy into them in order to support the ones in trouble.
Thoughts: I completely understand Sweden's position on the bonds that the EU is trying to create. Sweden's outlook on countries in trouble should be implemented for all others, and not just empty money into them just to let them sink farther and farther into crisis. That being said, the US wouldn't be where we are without being loaned money from other countries, but I wish we could dig ourselves out of our hole, even if we just reach sustainability.
Article's Relation to Politics: This article ties into the everyday life of people in Sweden because it affects where their money is being put into. The events that are decided or talked about in this article could potentially place Sweden into a great debt, or place an increase in taxes required by the government in order to pay for such EU bonds.
Thoughts: I completely understand Sweden's position on the bonds that the EU is trying to create. Sweden's outlook on countries in trouble should be implemented for all others, and not just empty money into them just to let them sink farther and farther into crisis. That being said, the US wouldn't be where we are without being loaned money from other countries, but I wish we could dig ourselves out of our hole, even if we just reach sustainability.
Article's Relation to Politics: This article ties into the everyday life of people in Sweden because it affects where their money is being put into. The events that are decided or talked about in this article could potentially place Sweden into a great debt, or place an increase in taxes required by the government in order to pay for such EU bonds.