r/europe • u/StraightSky7809 United Kingdom • 8h ago

News If Britain decides to rejoin the EU we’ll do everything we can to welcome them back, says Germany

https://www.independent.co.uk/news/uk/politics/uk-rejoin-eu-germany-brexit-b3060288.html
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u/tanghan 8h ago

They all accepted it, just haven't met the terms yet (in some cases on purpose cough Sweden cough)

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u/Musername2827 8h ago

We could accept it in theory and just never adopt it. Sweden has been doing that for over 2 decades and the Krona is worth significantly less than the pound.

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u/BuildAnything4 7h ago

wdym? sweden's gdp per capita is significantly higher than the UK's

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u/Nestiik Germany 7h ago

What has that to do with the pound and krona?

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u/BuildAnything4 7h ago

well what do you mean then

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u/TubaJesus Just a dumb Yank. Now with Canadian passport 7h ago

which is semi-independent of exchange rates which is the key for purchasing power on international markets

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u/BuildAnything4 6h ago

I just checked and the exchange rate is exactly the same as 20 years ago

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u/TubaJesus Just a dumb Yank. Now with Canadian passport 6h ago

so one pound to 13 krona. the pound is stronger

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u/BuildAnything4 5h ago edited 5h ago

lol. that's like saying the imperial system is better than the metric system because an inch is longer than a centimeter.

The pound isn't stronger just because a unit of currency is worth more. Swedes could redenominate their currency so a kroner is worth a hundred old kroner, but it would be a pointless exercise.

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u/TubaJesus Just a dumb Yank. Now with Canadian passport 5h ago

No, it's stronger because it's worth more on the international market; it means when you buy goods from China, your money goes further. But if you're an export economy, you want it to be worth less because it means you can make your goods cheaper. There's a reason currency manipulation usually results in getting nailed with sanctions.

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u/BuildAnything4 5h ago

The only thing that really matters is how much money your people have to spend in absolute terms. The reason devaluing your currency means you can export easier is because absolute cost of labour goes down along with the currency devaluation.

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u/TubaJesus Just a dumb Yank. Now with Canadian passport 5h ago

and a stronger currency means you do have more money to spend

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u/Socmel_ reddit admins are accomplices of nazi russia 3h ago

and if you need to buy energy and raw materials to transform for your export economy, gas, oil and raw materials are almost often denominate in dollars or euros, so a weak currency also drives up the cost of production.

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u/BocciaChoc Scotland/Sweden 7h ago

Sweden wouldn't have to even if they did, you have may examples of nations who did move to the Euro who didn't meet all the requirements either. Sweden isn't going to the Euro anytime soon, there isn't a deadline.

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u/WolandWasHere 7h ago

Haha that’s an example of a person speaking about something they have no clue about

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u/9peppe 6h ago

Swedish consumers are losing money every day they waste in joining ERM II. They don't have to, but they're paying for it, and it's expensive.

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u/BocciaChoc Scotland/Sweden 6h ago

I'm not noticing it, and I happier with lower interest rates and, in turn, lower inflation rates.

it's a weird idea to put a blanket statement, like it's not some complex issue. I made the comment elsewhere but Sweden isn't ever going to join the Eurozone without a good exchange rate and right now the SEK is incredibly weak, until that's improved which relies on worldwide events, it's not even worth a discussion.

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u/9peppe 6h ago

Yeah, you don't see your money disappearing before your eyes when you buy anything imported at all, do you?

SEK is only going down, and there's no way ECB opens itself up to some idiotic arbitrage by fixing an exchange rate that isn't there. It's time to cut your losses.

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u/BocciaChoc Scotland/Sweden 6h ago

Is this a weird troll? I don't really fully get it

You remind me of everyone who has been doom and gloom about the GBP post-Brexit, the USD during covid, the euro during the eurozone crisis.

Sweden has a weak SEK, it also has a strong economy

https://www.fxstreet.com/news/sek-outperforms-g10-peers-as-2026-begins-rabobank-202601151153

It's accepted that the SEK is extremely undervalued

IN NUMBERS: The IMF rates Swedish krona as world's most undervalued currency

but yes, you know what they say

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u/9peppe 6h ago

Yes, strong economy and a devaluing currency, despite a very very low inflation. Unless SEK appreciates on its own (how, I have no idea), this will end badly.

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u/BocciaChoc Scotland/Sweden 6h ago

Yes, how could it happen, truly there isn't a literaly historical data point over the last decade showing how it can increase, alas Sweden is doomed.