Earlier this summer Sweden Democrat leader Jimmie Åkesson called for a referendum to gauge support for Sweden leaving the European Union. His demand had a major effect on the political parties with the Liberals changing the shift of their election campaign. The Moderates have also taken Jimmie Åkesson at his word and have estimated the cost of a Swedish exit (Svexit). Basing their calculations on the British government’s assessment of the impact of Brexit, the party suggests that the Swedish economy would suffer a SEK 280 billion hit annually. Sweden would see a 6 per cent drop in GDP in the long term, if it were to leave the EU.
“We need to take the party [the Sweden Democrats] at its word, and we now need to discuss the impact of a Swedish exit,” says Elisabeth Svantesson, the Moderates’ economic policy spokesperson.
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