The Local Sweden

Disproportionate amount of foreigners have debt at Sweden's state bailiffs

Mon, 28 May 2018 10:56:28 +0200

A disproportionate amount of foreign-born people have debt registered at Sweden’s state bailiffs Kronofogden, with 64 percent more debt relative to their proportion of the country's population. And the disparity is growing.

Swedish households are now richer than ever

Thu, 22 Dec 2016 15:56:27 +0100

Swedes are richer than ever before, but household debt in the country continues to grow at the same time, new statistics from one of the country’s major banks show.

Debt collection rising across Sweden

Mon, 06 Apr 2015 14:28:45 +0200

Around eight million debt collection notices were sent out in Sweden last year, an increase over the year before, according to a trade group. A greater willingness to buy on credit these days means more people are unable to pay off their debts.

Riksbank: We must take action on household debt

Tue, 19 Aug 2014 12:05:00 +0200

The Swedish economy is beginning to recover after several difficult years - but the risk for household indebtedness remains high, Swedish Riksbank Governor Stefan Ingves warned.

Sweden mulls mandatory mortgage repayment

Tue, 10 Sep 2013 17:51:00 +0200

After reviewing Sweden's mortgage-repayment system, the Swedish Financial Supervisory Authority (Finansinspektionen, FI) is considering enforcing compulsory mortgage amortization for Swedes as debt burdens surge.

'Tighten mortgage rules': housing agency

Thu, 28 Feb 2013 08:58:00 +0100

Rising mortgage lending is outpacing the increase in property prices in Sweden, leading a key state oversight board to raise a warning flag.

Borg warns of 'likely' Greece default

Thu, 05 Jul 2012 18:07:00 +0200

Attempts to help Greece avoid bankruptcy appear doomed to fail, Swedish Finance Minister Anders Borg said Thursday, adding however that Athens might still manage to cling to the euro.

Sweden pledges $10bn to IMF bailout fund

Wed, 18 Apr 2012 11:19:00 +0200

Sweden, Norway and Denmark pledged $26 billion to the new IMF crisis funding Tuesday, taking the total raised so far to $286 billion, Fund managing director Christine Lagarde announced.

Sweden slashes 2012 growth forecast

Mon, 16 Apr 2012 17:39:00 +0200

The Swedish economy is set for a major slowdown in 2012, according the spring budget presented on Monday by finance minister Anders Borg, who warned for the "downside risks" amid the continued economic uncertainty.

Saab trustees declare multi-billion kronor debt

Tue, 10 Apr 2012 14:25:00 +0200

Saab has announced official figures of their multi-billion kronor debt, as the struggling car manufacturer and its assets go under the hammer on Tuesday.

Sweden can back eurozone pact: Riksdag

Fri, 27 Jan 2012 17:14:00 +0100

Sweden's parliament on Friday gave as expected the government a green light to support the eurozone pact on fiscal discipline at an EU summit next week, as long as certain terms are met.

Social Democrats drop eurozone pact opposition

Thu, 26 Jan 2012 19:50:00 +0100

The Social Democrats on Thursday dropped their longstanding opposition to Swedish participation in the eurozone pact on fiscal discipline, after reaching an agreement with the government of Fredrik Reinfeldt.

Sweden boasts hefty budget surplus for 2011

Tue, 10 Jan 2012 14:35:00 +0100

Sweden’s national debt office (Riksgälden) stated on Tuesday that the country’s budget surplus from 2011 stood at 68 billion kronor ($9.85 billion).

Sweden to support eurozone stability fund

Tue, 20 Dec 2011 08:58:00 +0100

Sweden agreed on Monday night to help stabilize the euro by pledging to make loans to the International Monetary Fund (IMF) to strengthen a eurozone bailout fund.

Why Sweden should stay out of the EU budget pact

Tue, 13 Dec 2011 12:08:00 +0100

European leaders have failed to help solve the current debt crisis, and Sweden shouldn't think of signing on to a plan that amounts to an attempt to remake Europe into a super-bureaucratized dream, argues Swedish liberal commentator Johan Norberg.

Borg: ECB has to act on eurozone crisis

Wed, 30 Nov 2011 12:03:00 +0100

Swedish finance minister Anders Borg has called for renewed pressure Wednesday on the European Central Bank (ECB) to stop the euro debt rot from bringing down the global financial order.

Swedish home loans in rapid rise

Sun, 20 Nov 2011 11:05:00 +0100

Seemingly undeterred by the debt crisis, Swedish households are taking out more new loans than any other Europeans, according to a comparison of mortgages made by national TV station SVT.

King slams Greece over referendum plans

Fri, 04 Nov 2011 11:20:00 +0100

Sweden's King Carl XVI Gustaf has taken a swipe at embattled Greek prime minister George Papandreou for proposing a referendum on a bailout plan to help the debt-laden Greek economy.

Borg: EU debt crisis not just a eurozone issue

Thu, 13 Oct 2011 12:28:00 +0200

The current debt crisis is a concern for all of Europe, not just to eurozone countries, Swedish Finance Minister Anders Borg tells AFP's Nina Larsson, highlighting the vulnerability of banks and exports in Sweden as an example.

Euro crisis a threat to Swedish banks: Borg

Wed, 12 Oct 2011 15:40:00 +0200

Sweden may have some of the strongest public finances in Europe but its banks are more vulnerable than most in the current euro debt crisis, Finance Minister Anders Borg said in an interview published Wednesday.