Furthermore, increased efforts to reform the social security system are needed, while further progress on privatisation would reduce liabilities in the wider public sector. II. Assessment of economic convergence in Sweden  Turning now to Sweden, I should like to start with a brief review of price developments.
Has the euro area now become safer? I expect economic growth to develop along favourable lines in the coming months. The low oil price and neutral fiscal stance will help, financial markets are more confident, the exchange rate of the euro will support exports and structural economic reforms are having positive effects in some countries.