Ministers: Sweden has no plans to stage referendum on the euro

Stockholm - Sweden has no immediate plans to stage a referendum on introducing the joint European currency, the euro, leading cabinet members said Friday.

Prime Minister Fredrik Reinfeldt and Foreign Minister Carl Bildt touched on the euro in speeches at a conference organized by their conservative Moderate Party, the main force in Sweden's ruling four- party coalition.

Both Reinfeldt and Bildt supported introducing the euro in 2003, but the proposal was rejected by voters in a referendum.

Reinfeldt noted that his party had agreed to respect the outcome of the 2003 referendum for a decade, suggesting that the issue was not due until earliest 2013.

Earlier this week, Reinfeldt told reporters on the sidelines of a European Union summit in Brussels that Sweden was closely monitoring developments in the neighbouring region.

Bildt told Swedish television news that the euro had contributed to "stability - also during the current problems."

Two members of the Centre Party, junior partner in Reinfeldt's coalition, on Friday proposed a new referendum on the euro in 2010 in connection with scheduled parliament elections.

Finance Minister Anders Borg and Thomas Ostros, economic affairs spokesman for the opposition Social Democrats, said the date was too early. Sweden joined the EU in 1995. (dpa)

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