KPDS ÜDS OKUMA PARÇASI - 25

Sweden maintained a position of neutrality during both World Wars and this, in part at least, enabled her to build up an elaborate structure of welfare legislation that many larger nations were later to imitate. The first major step was the establishment in 1911 of old-age pensions. Economic prosperity based on its neutralist policy enabled Sweden, together with Norway, to pioneer in public health, housing, and job security programs. Forty-four years of Socialist government were ended in 1976 with the election of a conservative coalition. Presently, the Socialists were again returned to power, only to be ousted in September 1991. The new coalition of four conservative parties promised to reduce taxes and cut back on the welfare state but not alter Sweden's traditional neutrality. Under them, in a 1994 referendum, voters approved joining the European Union. Although supportive of a European monetary union, Sweden decided not to adopt the euro when it first appeared in 1999.