Representation i Sverige

A deepening EMU – where will it leave Sweden and Denmark?


Euro at 20

Where does EMU stand as the euro turns 20?

Which lessons can be learned from the crisis?

How will a deepened EMU affect Sweden and Denmark, outside the euro?

And is joining the banking union an interesting option for Sweden and Denmark?

Welcome to a seminar in Europahuset on Tuesday 5 February 2019

05/02/2019 - 09:00 - 12:15

As the euro turns 20 years and with Economic and Monetary Union (EMU) strengthened from the recent crisis, the euro area Member States are taking steps towards a deepening of the EMU. This includes moving towards the completion of the banking union and the proposed introduction of a budgetary instrument for convergence and competitiveness. Sweden and Denmark both explore the option of becoming part of the banking union - while remaining outside the euro.

The seminar will discuss two decades of EMU and specifically the position of Sweden and Denmark as EMU is deepened. To frame the debates, we are very pleased to welcome Marco Buti, Director General for Economic and Financial Affairs at the European Commission. In a key-note speech Mr Buti will also provide insights to the EMU's development over the last 20 years as well as upcoming priorities and prospects. Two panels with high-level representatives from Sweden, Denmark and the EU institutions will first address EMU deepening from an 'outs' perspective, thereafter analysing the option for Denmark and Sweden of joining the banking union.

Time: 5 February, 9.00 – 12.15 (registration and coffee from 8.00)

Place: House of Europe, Regeringsgatan 65 plan 2, Stockholm

The event is now fully booked. The seminar will be in English and also webcast on

The seminar is free, but the registration is binding. Please inform us if you will not be able to attend, thus freeing up your seat for somebody else.


9.00 Welcome Katarina Areskoug Mascarenhas, European Commission Representation in Sweden

9.15 Key note speech: "EMU at 20 – lessons, priorities and prospects", Marco Buti, Director-General, Economic and Financial Affairs, European Commission

9.45 Panel 1: EMU deepening from an 'outs' perspective

  • José Leandro, Director, Economic and Financial Affairs, European Commission
  • Annika Winsth, Chief economist, Nordea
  • Birgitte Bjørnbak, Chief Advisor, International Economics, Danish Ministry of Finance
  • Jens Granlund, Head of International Department, Swedish Ministry of Finance

Moderator:  Jens Matthiessen, European Commission Representation in Sweden

10.45 Coffee break

11.15 Panel 2: Banking Union – an option for Sweden and Denmark?

  • Pentti Hakkarainen, Member of the Supervisory Board of the Single Supervisory Mechanism (ECB representative), European Central Bank
  • Per Callesen, Deputy Director General, Danmarks Nationalbank
  • Kerstin af Jochnick, Deputy Governor, Riksbanken
  • Hans Lindberg, CEO, Swedish Bankers' Association

Moderator:  Torbjörn Olausson, European Commission Representation in Denmark

12.15 End of programme