Swedes will not vote on whether to adopt the euro for another ten years

IT will be another ten years before Sweden considers adopting the euro, Prime Minister Goran Persson said yesterday.

While the resounding No vote in Sunday’s referendum caused little damage to the currency in the markets yesterday, the Swedish krona fell after business interests were disappointed one of Europe’s strongest economies will remain out of the eurozone.

There was a surge in favour of the euro after Foreign Minister Anna Lindh was murdered last Thursday, but Mr Persson said economic problems in the eurozone had frightened the voters.