Swedish town using euro with Finland

The northern Swedish town of Haparanda has started using the new European currency although Sweden is not in the euro zone, because…

The northern Swedish town of Haparanda has started using the new European currency although Sweden is not in the euro zone, because this border community depends heavily on trade with neighbouring Finland. Several dozen inhabitants of Haparanda braved -25

0 temperatures to get their first euros from a local bank which opened for an hour yesterday.

Local authorities applied last year for a special dispensation to join Finland in full introduction of the euro as legal tender, but were rejected by Stockholm.