 Complete the following phrase:  The response of the government was to cut spending and institute a multitude of reforms to improve Swedens competitiveness, among them reducing the welfare state and privatising public services and goods. Much of the political establishment promoted EU membership, and a referendum passed with 52.3 in favour of joining the EU on 13 November 1994. Sweden joined the European Union on 1 January 1995. In a 2003 referendum the Swedish electorate voted against the country joining the Euro currency. In 