Sweden has 'no time frame' for state sell offs
Published: 19 Oct 10 08:45 CET | Print version
Online: http://www.thelocal.se/29692/20101019/
Sweden's new financial markets minister Peter Norman was on Monday unwilling to promise that share holdings in Nordea, SBAB and Telia, would be sold off during the current mandate period.
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"I have no time plan whatsoever for this," he said in an interview with the Dagens Industri (DI) daily.
The sales would raise an estimated 100 billion kronor ($15 billion) for state coffers. Norman told the newspaper that taxpayers' interests are the decisive factor in determining when to sell.
"It will have to take the time it takes," he said to DI.
Norman also explained that the competitive situation within the banking market is also important in deciding a suitable opportunity for sales of shares in Nordea and SBAB.
He also told the newspaper that he planned to study loan margins within the banking sector and conduct regular correspondence with the banks on consumer conditions.
"I want to be a thorn in the side of the banks. Sometimes they can earn money a little too easily," he said.
Norman added that if the banks do not respond to encouragement then he was not averse to considering legislation.
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Privatizing and deregulation has killed the US economy as they, the banksters, have gambled away all of the taxpayers savings and then were bailed out to continue the fraud. Now they want access to Social Security, i.e Privatization, so they can steal that as well.
Seems that you are out numbered, why do you need an explanation, seems to me that that the posts spell it out.
Attempt to be more porous. 'Understanding' in Sweden often travels through osmosis . . . and the sound waves of grunts. You're getting a bit of the old that's-just-the-way-do-things-around-here, and they're pulling your pud for the fun of it. Good times.
Also, more than likely, they don't have an answer either.