SWEDEN

COUNTRY INFORMATION

Local name: Sverige
Capital: Stockholm
Government: constitutional monarchy
Currency: Swedish krona (SEK)
Official language: Swedish
Other languages spoken: small Sami- and Finnish-speaking minorities
Famous people: Pippi Longstocking, Alfred Nobel

Brief History. Sweden was a military power during the 17th century. However, it has not participated in any war in almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment, rising maintenance costs, and a declining position in world markets. Indecision over the country's role in the political and economic integration of Europe delayed Sweden's entry into the EU until 1995, and waived the introduction of the euro in 1999.

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Tuesday 6 January 2009

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