The Local Sweden

Is it time for Sweden to brace for an economic downturn?

Fri, 31 May 2019 16:12:00 +0200

With growth faltering nationally, and the prospect of hard Brexit and a global trade war on the horizon, is it time for Sweden to start getting ready for an economic downturn?

Educated Greeks flock to Sweden to find work

Mon, 27 Aug 2012 12:47:00 +0200

The deep financial crisis in Europe has led to more Greek citizens arriving in Sweden to seek employment, with twice as many coming 2011 compared to the year before.

Swedish economy continues to grow: report

Mon, 30 Jul 2012 12:45:00 +0200

The Swedish economy grew a faster-than-expected 1.4 percent in the second quarter, compared with the first three months of the year, official data showed Monday.

Bildt: euro stability lessened crisis impact

Fri, 13 Jan 2012 08:43:00 +0100

The impact of the global financial crisis would have been worse on the EU the euro had not provided the necessary monetary stability, Swedish foreign minister Carl Bildt said on Thursday.

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.

Sweden 'won't block' pact to save euro

Fri, 09 Dec 2011 12:21:00 +0100

Sweden was one of four European Union member states to scupper hopes of a 27-country agreement to help strengthen the euro, but nevertheless plans to participate in the creation of a European bailout fund.

Reinfeldt: markets 'don't want' EU treaty changes

Thu, 08 Dec 2011 13:01:00 +0100

European Union treaty changes are not the euro debt crisis solution the markets want, Swedish Prime Minister Fredrik Reinfeldt said on Thursday ahead of a crucial EU summit in Brussels.

Bildt: budget rules 'must be obeyed'

Tue, 29 Nov 2011 08:27:00 +0100

Foreign Minister Carl Bildt on Monday defended a European single market but said that stricter budget supervision and regulation by Brussels will only work if already existing rules are adhered to.

Reinfeldt pans proposed eurozone 'government'

Wed, 17 Aug 2011 19:41:00 +0200

Swedish prime minister Fredrik Reinfeldt took a doubtful stance to the "true economic governance" within the eurozone called for by French president Nicolas Sarkozy and German chancellor Angela Merkel on Tuesday.

US economy crisis causes Pajala panic

Fri, 12 Aug 2011 11:24:00 +0200

The ongoing financial crisis in the US is causing growing concern among locals in the municipality of Pajala in the North of Sweden, whose future is largely dependent on an iron ore ore mine due to be opened by an American company.

Borg: growth forecast under revision

Thu, 11 Aug 2011 16:04:00 +0200

Sweden's finance minister Anders Borg on Thursday warned that the government will need to revise down its strong economic growth expectations for 2012 due to the global financial market turbulence.

Reinfeldt: eurozone crisis 'of your own making'

Thu, 11 Aug 2011 13:29:00 +0200

After the latest downturn in the global economy Swedish prime minister Fredrik Reinfeldt commented on the situation in Europe for the first time.

Stockholm stock market in record fall

Tue, 09 Aug 2011 09:52:00 +0200

The Stockholm stock market fell 5.2 percent on Monday - the worst fall in nearly three years.

Borg promises restraint as stocks head south

Mon, 08 Aug 2011 17:32:00 +0200

Sweden's finance minister Anders Borg on Monday promised a "cautious" economic policy as he commented on turbulence in global stock markets. Trading in Stockholm meanwhile nosedived as a mid-morning rally ran out of steam.

Stockholm stock market in shaky opening

Mon, 08 Aug 2011 11:48:00 +0200

As expected the Stockholm stock exchange opened sharply down on Monday although after an hour's trading had rebounded into positive territory.

'Sweden will be affected by the crisis': experts

Mon, 08 Aug 2011 08:52:00 +0200

Swedish experts say Sweden won't avoid being affected by the turbulent world economy and on Sunday financial spokesperson for the Social Democrats, Tommy Waidelich, said that he wants to gather the Riksdag’s financial committee to discuss the situation.

Markets hit by 'buffalo herd' mentality: Borg

Fri, 05 Aug 2011 16:42:00 +0200

Swedish finance minister Anders Borg attempted to reassure worried investors in the wake of stock market drops across Europe on Friday, but admitted that financial markets remained "turbulent".

Riksbank head: financial crisis 'over' in Sweden

Thu, 03 Mar 2011 12:31:00 +0100

The head of Sweden's central bank said on Thursday that the financial crisis is over, but warned about the potential risks associated with an increasingly strong krona.

Time for Europe to fix its finances

Tue, 27 Jul 2010 17:15:00 +0200

Many European countries are facing austerity measures in the wake of the financial crisis. Now it's time for the EU itself to get serious about tackling waste, writes Anna Kinberg Batra, chair of the Swedish Parliament's Committee on EU Affairs.

Debt and Korea cause Stockholm market fall

Tue, 25 May 2010 21:10:00 +0200

Increasing concern about the European debt crisis and renewed tensions between North and South Korea caused share prices in Stockholm to fall sharply on Tuesday.