Sweden ahead of our neighbours: Borg
Published: 29 Aug 09 10:33 CET | Print version
Online: http://www.thelocal.se/21764/20090829/
The Swedish economy can recover and reach surplus and a balanced budget before other European countries, according to Swedish Minister of Finance Anders Borg.
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“Then we can ensure our ability to address the crisis and at the same time regain balance and surplus before almost all our our European neighbours,” Borg said in his speech to delegates at the Moderate party conference in Västerås on Friday.
The most important thing to do is stop the drop in employment, which otherwise might lead to hundreds of thousands of people being out of the labour market for good, Borg said.
“The economic crisis will pass but it will take us a long time to get back on track and reverse the effects of the crisis,” Borg said.
According to Borg, Sweden is nevertheless well positioned for a quicker recovery due to the policies of the government. “Well ahead of the UK, US or Spain. Well ahead of other countries that listened to voices demanding more spending, more interventions and more emergency measures,” Borg said.
He reiterated that the government is not planning on assuming ownership of Saab.
Echoing the words of Prime Minister Fredrik Reinfeldt, Borg described Sweden as a role model for other countries.
“Our foremost task in the coming years might be to pave the way for Sweden to become a role model. People in Sweden should experience that they are living in a freer countries where individuals have great freedom to explore new paths and shape their own lives. Sweden should be open and tolerant,” Borg said.
“But we will never achieve social cohesion and good welfare for everybody without full employment. That is the mandate we are seeking from the voters for 2010,” he said.
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Oh, and "role model"?! Håll käften! Well he was one of my favorite politicians for.. eh.. 5 days? 4? Impressive..
Now the government are saying this won't be the case. So are they both right, both wrong, or do neither know their arses from their elbows.
Recession wise Sweden is a way back from many other countries at the moment despite Borg's ignorant and disrespectful words to the contrary. There remain industries that face big job losses because of their burying heads in sand philosophy and the inability of the government to understand what needed to be done many months ago. Action was needed and none was forthcoming. Of course they are happy that tax revenues remain high but in a recession this is an arrogant abuse of the people by allowing basic living and consumption costs to rocket despite there being more competitive markets that should have seen a reduction in prices.
All in all this government is a embarrassing model for incompetence and worse still is that they are allowed to get away with it.
Obviously the election speeches have begun early.
Definitely needs to be taken with a huge pinch of salt!