March 22, 2010
Anders_borg
The following articles have been tagged with "Anders_borg":
Borg: No cash for euro currency fund
Business & Money: 9 Mar 10
Sweden's Finance Minister Anders Borg has lent his support to a German initiative to create a European currency fund to support euro countries with budget problems, but said that Sweden would not be contributing finance.
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'State finances better than expected': Borg
Business & Money: 17 Feb 10
Swedish state finances are in better shape than expected and are developing strongly, finance minister Anders Borg said in a statement on Wednesday.
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Sweden's Borg talks tough on Greece debt
Politics: 16 Feb 10
Sweden's finance minister Anders Borg has led the chorus of European partners calling on Greece to "surpass" market expectations in dealing with its debt crisis.
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'IMF solution an option for Greece': Borg
Politics: 10 Feb 10
Sweden's finance minister Anders Borg has raised the prospect of the International Monetary Fund as a possible solution to the debt crisis in Greece.
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Sweden bullish about prospects for growth
Business & Money: 27 Jan 10
The Swedish government released a more optimistic forecast for the economy on Wednesday, announcing it expects the country’s GDP to climb by 3.0 percent in 2010.
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Swedbank to ditch bonuses for 2009
Business & Money: 27 Jan 10
Swedbank has decided to scrap its 2009 bonus payments, bowing to criticism that Swedish banks had not done enough to trim variable compensation despite lower earnings.
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Borg seeks US-inspired European bank tax
Business & Money: 19 Jan 10
Swedish Finance Minster Anders Borg on Tuesday called for a European bank tax similar to a new US scheme, in an attempt to rectify shabby public finances and create a cushion to protect against future financial crises.
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Bonus-happy banks risk tougher rules: Borg
Business & Money: 13 Jan 10
Swedish banks could be hit with even tougher restrictions on bonuses if they don’t follow new rules presented by the country’s financial system watchdog, finance minister Anders Borg warned on Tuesday.
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Big fat Greek bailout 'unlikely': Borg
Business & Money: 9 Dec 09
Sweden’s finance minister Anders Borg warned Greece on Wednesday that European countries were unlikely to help the Mediterranean nation solve its current budget crisis.
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Borg sees the light for State’s finances
National: 4 Dec 09
The State’s finances will recover faster than what was earlier estimated, following Sweden’s faster-than-expected recovery from the financial crisis, the government has announced.
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EU closes in on banking oversight deal: Borg
Business & Money: 2 Dec 09
Sweden’s finance minister Anders Borg said on Wednesday that the EU was closer to a agreeing to a new set of measures for policing banks and financial institutions across national borders.
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Borg voices concern over EU bank talks
Business & Money: 10 Nov 09
Swedish finance minister Anders Borg said on Tuesday that delicate negotiations to create new cross-border financial supervisory bodies to oversee banks in the European Union were at a "make-or-break" point.
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Borg 'more optimistic' about Swedish economy
Business & Money: 9 Nov 09
The Swedish economy is set to return to growth next year, but unemployment will remain high, according to a new forecast from finance minister Anders Borg.
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Reinfeldt reclaims top spot in Sweden power rankings
National: 6 Nov 09
Prime Minister Fredrik Reinfeldt can once again lay claim to the title of Sweden’s most power person, having nudged his own finance minister Anders Borg from the top spot in a new ranking released on Thursday.
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Swedish banks warned on Latvian economy
Business & Money: 3 Oct 09
Sweden’s finance minister Anders Borg is reported to have held secret talks with Swedbank and SEB, expressing his concern over Latvia's struggling financial situation.
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Borg warns of pump priming debt mountain
Business & Money: 1 Oct 09
Sweden's finance minister Anders Borg warned EU leaders on Thursday that states cannot keep throwing good money after bad and called for a discussion to supervise the easing of expansionary fiscal policy.
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Budget bill sees Sweden shedding more jobs
Business & Money: 21 Sep 09
Sweden's unemployment will climb above 11 percent, according to the 2010 budget bill presented by the government to the Riksdag on Monday, requiring measures focused on job creation and jump-starting growth.
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Borg caught up in tax payment blunder
Politics: 16 Sep 09
Sweden’s Minister of Finance Anders Borg had some explaining to do on Wednesday when it was revealed he failed to follow new tax rules that he himself introduced back in 2007.
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Sweden calls for EU unity to curb bank bonuses
Business & Money: 4 Sep 09
The Swedish government has called on EU leaders to agree to curb bankers' bonuses when they meet on September 17th ahead of G20 talks on the economic crisis.
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Bank bonus culture must end: Borg
Business & Money: 2 Sep 09
Finance Minister, Anders Borg, will tell EU finance ministers today that the culture of high bonuses that exists in the banking sector must end.
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Sweden ahead of our neighbours: Borg
Politics: 29 Aug 09
The Swedish economy can recover and reach surplus and a balanced budget before other European countries, Swedish Minister of Finance Anders Borg said at the Moderate Party conference in Västerås on Friday.
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Bumper Friday for krona and stocks
Business & Money: 21 Aug 09
The Stockholm stock exchange and the krona both hit record levels for the year on Friday as several economic indicators point to an upswing in Sweden's economic fortunes.
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Sweden's recovery gathering pace: Borg
Politics: 21 Aug 09
Sweden's government has revised its gloomy economic prognosis upwards, announcing on Friday that it expects the country's GDP to increase by 0.6 percent in 2010, before making greater strides towards a full recovery in 2011 and 2012.
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Councils to cash in on autumn budget
Business & Money: 10 Aug 09
Local council finances, investments in welfare services and measures to counter unemployment are to be given priority in the autumn budget, according to Sweden's prime minister Fredrik Reinfeldt.
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Anders Borg: Sweden's long-haired maverick minister
Analysis & Opinion: 22 Jul 09
With Anders Borg, Sweden’s pony-tailed Minister of Finance, now helping the EU navigate through the global economic slump, the AFP’s Marc Preel takes a look back at the rise of this self-described pragmatist.
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Borg bashes business group 'ideologues'
Politics: 3 Jul 09
Sweden’s finance minister Anders Borg lashed out at the country’s business community on Friday, calling Sweden’s main business group “ideological megaphones” who’ve shirked their responsibility during the economic crisis.
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Sweden urges EU states to tighten belts
Politics: 1 Jul 09
Swedish Prime Minister Fredrik Reinfeldt has said the country's EU presidency will push member states to curtail spending and work towards sustaining public finances across the union.
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Borg beats bailout drum following belt tightening in Riga
Business & Money: 9 Jun 09
Swedish finance minister Anders Borg on Tuesday urged international lenders to open their coffers to Latvia after the country agreed to slash government spending.
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Economic crisis tops Sweden's EU presidency agenda
Analysis & Opinion: 5 Jun 09
Prime Minister Fredrik Reinfeldt and Minister of Finance Anders Borg outline Sweden's priorities for the upcoming EU presidency.
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Borg blasts Swedish banks' Baltic bonanza
Business & Money: 3 Jun 09
Finance Minister Anders Borg has lambasted Swedish banks for their "careless expansion" in the Baltic region as the Swedish krona felt the pinch on Wednesday from a deepening crisis in Latvia.
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Borg in verbal row with aggressive civilian
National: 3 Jun 09
A government driver was forced to intervene when Swedish finance minister Anders Borg was approached by an aggressive man while waiting for a car in the garage of the government offices in central Stockholm.
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Belgium aids Volvo in bid to protect jobs
Business & Money: 25 May 09
The Flemish government has responded positively to an appeal from Volvo Cars CEO Stephen Odell to support its Belgian operations including guaranteeing European Investment Bank loans.
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Local government facing massive deficits
Business & Money: 13 May 09
Despite a projected budget deficit of 3 billion kronor ($379 million) for 2009, Sweden’s county and local governments shouldn’t expect any more money from the state.
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Sweden urged to do more to combat crisis
Business & Money: 12 May 09
Sweden's centre-right government has been urged to do more to offset the effects of the global economic crisis, notably to combat soaring unemployment, a panel of economic experts said on Monday.
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TetraPak billionaire offers Borg unsolicted tax policy advice
Business & Money: 6 May 09
Hans Rausing, the self-exiled Swedish billionaire who founded the TetrPak packaging empire, has taken the liberty of advising finance minister Anders Borg on what he could do to attract more companies to Sweden.
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Borg blasts US and UK over financial crisis
Politics: 27 Apr 09
Swedish finance minister Anders Borg has criticized how the United States and Britain have managed the financial crisis and wants smaller countries to have more influence on the global economy.
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Uproar over rumoured NY consulate closure
Society: 22 Apr 09
Reports that Sweden plans to close down its consulate-general in New York City have sparked an outpouring of concern from business leaders and New York-based Swedes.
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Spring budget warns of tough times ahead
Business & Money: 15 Apr 09
The Swedish government will allocate funds to expand employment opportunities for the young and the unemployed in its spring budget as finance minister Anders Borg warns of tough times ahead.
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'Half a million jobless in 2010': agency
Business & Money: 7 Apr 09
Over 500,000 Swedes are set to be out of work in 2010, according to a new forecast from the National Public Employment Agency.
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Borg forecasts mass unemployment
Business & Money: 1 Apr 09
Sweden's finance minister Anders Borg has predicted that the country's unemployment rate will hit 12 percent in 2011 as GDP plummets 4.2 percent in 2009.
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'No bonuses at state-owned companies'
Business & Money: 24 Mar 09
The Swedish government has said it wants to end bonuses and variable compensation for executives at state-owned companies.
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Bullet sent to Sweden's finance minister
National: 20 Mar 09
A letter with a .22-calibre bullet arrived at the offices of Swedish Finance Minister Anders Borg on Thursday courtesy of a leftist extremist group angered by bonuses paid to executives at state-owned companies.
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Borg forecasts 'crisis into 2010'
Politics: 14 Mar 09
Sweden's finance minister Anders Borg said on Saturday that he expects the current financial crisis to continue well into 2010 with 'aftershocks' expected in 2011 and 2012.
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High court ruling could hit Sweden's tax revenues
Business & Money: 13 Mar 09
A corporate taxation ruling by Sweden's Supreme Administrative Court could lead to the Swedish state missing out on billions of kronor in tax revenues.
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Sweden proposes divisive fuel tax hike
Politics: 10 Mar 09
The Swedish government has proposed rises in diesel and vehicle taxes in a move designed to cut carbon emissions. The farmers union is critical and has called the proposition a "declaration of war".
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Borg blasts state bonus hikes
Politics: 5 Mar 09
Finance Minister Anders Borg on Thursday admonished the boards of Sweden’s state-owned companies for "grave infractions" in awarding executive bonuses.
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Swedish economy in 'long, dark winter'
Business & Money: 27 Feb 09
Sweden’s GDP fell by 4.9 percent in the 4th quarter of 2008, marking the first time the country’s economy shrunk on an annual basis since measurement began in 1994.
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Examiner charged over driving licence bribes
National: 25 Feb 09
A driving examiner from Gothenburg has been indicted on bribery charges. The woman is alleged to have accepted half a million kronor ($57,000) in exchange for approving driving licences for 70 test candidates.
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Reinfeldt urges banks to cut mortgage rates
Politics: 11 Feb 09
Sweden’s central bank cut its benchmark interest rate in half to 1 percent on Wednesday, prompting Prime Minister Fredrik Reinfeldt to tell banks to follow suit.
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Sweden offers banks billions more in aid
Politics: 3 Feb 09
The Swedish government announced a new rescue package for the banking sector on Tuesday worth up to 50 billion kronor ($6 billion).
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Sahlin evokes Obama in cannabis gaffe
Politics: 1 Feb 09
S we can! exclaimed the Social Democrat leader Mona Sahlin at a party conference in Västerås on Saturday. She intended to evoke US president Barack Obama, but used the name of a cannabis advocacy group.
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'We need to do more for bank sector': Borg
Politics: 30 Jan 09
Finance Minister Anders Borg spoke on Thursday of the need for Sweden to further bolster the banking sector.
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Government details crisis measures
Business & Money: 22 Jan 09
The government on Thursday presented a government bill containing measures to counteract Sweden's current economic crisis, including emergency loans to the country’s struggling auto sector.
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Borg sees second financial crisis ahead
Business & Money: 20 Jan 09
Finance Minister Anders Borg warned on Tuesday of the risk for a crisis in the real economy to come back and cause yet another financial crisis.
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Borg and Bildt top people's poll
Politics: 2 Jan 09
Finance Minster Anders Borg and Foreign Minister Carl Bildt are the most popular members of the current Swedish cabinet, according to a new opinion poll.
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2008: The year in review
Lifestyle: 31 Dec 08
As 2008 draws to a close, The Local takes a look back at some of the stories that caught our attention over the last twelve months.
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Borg best in popularity stakes
Politics: 30 Dec 08
Swedish finance minister Anders Borg is ranked highly by his party colleagues with a 71 percent approval rating. Defence minister Sten Tolgfors meanwhile has the backing of only 3 percent of his peers.
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Swedish economic growth hits 30 year low
Business & Money: 16 Dec 08
Swedish Finance Minister Anders Borg said on Tuesday that the country’s economic growth was its weakest in three decades as he announced that the government now forecasts the economy will contract by 0.8 percent next year.
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Sweden to launch car industry aid package
Society: 11 Dec 08
The Swedish government announced plans on Thursday to launch a 28 billion kronor ($3.42 billion) aid package for the country's beleaguered car industry.
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Sweden gives support to Latvian economic plan
Business & Money: 11 Dec 08
Speaking on behalf of a group of Nordic and Baltic countries, Sweden said on Wednesday that Latvia’s economic structuring programme was credible and ambitious.
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Borg slams EU over bank aid reviews
Business & Money: 2 Dec 08
Swedish finance minister Anders Borg called the European Commission "bureaucratic” on Tuesday, saying the EU body’s approach to assessing bailouts for troubled banks hasn’t helped frozen credit markets.
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Sweden may change bank loan guarantees
Politics: 20 Nov 08
The government said on Thursday it is open to altering Sweden’s new bank lending guarantees in order to get more of the country's biggest banks to participate.
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Sweden to enter talks with banks
Business & Money: 19 Nov 08
Sweden's government is to meet with representatives of the country's major banks on Thursday in a bid to understand the banks' refusal to join a state-sponsored lending guarantee scheme.
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Borg warns of looming recession in Sweden
Business & Money: 17 Nov 08
Sweden's finance minister Anders Borg warned on Monday that the country may be headed toward a recession, while also saying the government is considering other ways to get banks to join its state-sponsored lending programme.
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Borg tops in Sweden power rankings
National: 14 Nov 08
Finance minister Anders Borg has surpassed prime minister Fredrik Reinfeldt as Sweden’s most influential powerbroker, according to a new ranking.
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Moderates consider eco-car tax exemption
Politics: 9 Nov 08
The Moderate are considering a proposal to exempt new eco-cars from road tax for a period of four years. The system would replace the current subsidy that will expire in the spring.
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Borg rips Swedish banks over bonuses
Business & Money: 31 Oct 08
Sweden’s finance minister Anders Borg lashed out at the country’s major banks and financial institutions on Friday for their hesitation to participate in the government’s financial sector support programme.
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Parliament passes trillion kronor plan
Politics: 29 Oct 08
The Swedish parliament has passed a 1.5 trillion kronor ($194.1 billion) plan to aid the country's financial sector as it struggles to weather the global credit crisis.
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Sweden details credit crisis measures
Politics: 20 Oct 08
The government on Monday presented a 1.5 trillion kronor ($206.1 billion) plan to aid Sweden's financial sector as it struggles to weather the global credit crunch.
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Sweden unveils new crisis measures
Business & Money: 13 Oct 08
The Swedish government announced on Monday it plans to put forward a new legislative proposal in the coming days to help bring stability to financial markets.
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Sweden doubles savings guarantee
Business & Money: 6 Oct 08
Sweden's government has announced a doubling of the state’s bank deposit guarantee from 250,000 kronor ($35,000) to 500,000 kronor, effective immediately.
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Borg: US financial institutions 'reckless'
Politics: 30 Sep 08
Anders Borg, Sweden’s Minister of Finance, has slammed US financial institutions for their culture of “greed” and their role in precipitating the current financial crisis.
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Criticism and praise for 2009 Swedish budget
Politics: 22 Sep 08
The political opposition took aim at the Swedish government’s new budget proposal on Monday, while the document received mix reviews from labour and other organizations.
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Borg presents 2009 budget to Riksdag
Politics: 22 Sep 08
The government presented the 2009 Budget Bill on Monday, which features 32 billion kronor ($4.8 billion) in reforms designed to counteract the effects of a weakening economy.
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Unemployment insurance to cost less
Politics: 21 Sep 08
The Swedish government has promised to cut the cost of subscribing to unemployment insurance funds (A-kassa). Those on parental leave, sick or unemployed will also be allowed to join.
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New funds to integrate Sweden's immigrants
National: 19 Sep 08
The government has announced plans to spend close to 2 billion kronor ($297 million) to help Sweden's newly arrived immigrants and refugees integrate more quickly.
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Borg forecasts major interest rate cut
Business & Money: 11 Sep 08
Sweden's Finance Minister Anders Borg has predicted that the Riksbank will cut its benchmark interest rate over the next year to a level much lower than that anticipated by analysts.
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Borg: Statistics error to cost state 'millions'
Business & Money: 11 Sep 08
A calculating error by Statistics Sweden (SCB) will cost the government several hundred million kronor in 2009, the finance minister has said.
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Immigrants to be issued ID cards
Society: 9 Sep 08
After months of silence, the government on Tuesday confirmed that Sweden’s Tax Agency will be asked to take over responsibility for issuing national identification cards.
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Government slashes growth forecasts
Business & Money: 23 Aug 08
Sweden's centre-right government on Friday slashed its 2008 and 2009 growth forecasts but said the country was still well-positioned to ride out the global economic slowdown.
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Inflation hits 15-year high
Business & Money: 7 Aug 08
Sweden's inflation rate hit 4.4 percent in July - the highest for 15 years. Experts now forecast an interest rate hike in the autumn.
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Government criticized over growth figures
Politics: 1 Aug 08
The government has come in for stinging criticism over new figures indicating that Sweden's growth is at its lowest levels in seven years.
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'Cut taxes for single parents'
Politics: 29 Jun 08
The Moderate party women's association, Moderatkvinnorna, has called for taxes to be cut for single parents. Every fifth single mum is classified as poor in Sweden.
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New system proposed for personal ID numbers
National: 10 Jun 08
Sweden is running out of personal identity numbers (personnummer), but a government commission has suggested a new system featuring numbers which no longer contain a person’s exact date of birth.
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Sweden's GDP growth hits a wall
Business & Money: 30 May 08
Sweden's gross domestic product (GDP) grew by only 2.2 percent during the year's first quarter, considerably lower than expected.
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Government hints at partial Svenska Spel sell off
Business & Money: 22 May 08
The government is open to selling off parts of the Svenska Spel gaming monopoly to other actors in the market.
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Spring budget predicts lower growth
Business & Money: 15 Apr 08
Finance Minister Anders Borg presented Sweden's spring budget on Tuesday, which sharply reduced the 2008 growth forecast to 2.1 percent.
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Victory for Sweden in EU beer row
Business & Money: 8 Apr 08
A European court has ruled that differences in taxes levied by Sweden on beer and wine don’t conflict with EU-regulations.
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Prominent Social Democrat named head of Svenska Spel
Business & Money: 4 Apr 08
Margareta Winberg (l), a former Social Democratic Deputy Prime Minister, was named by Finance Minister Anders Borg (r), as the new chair of Sweden’s state-owned gaming operation.
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Borg lowers Swedish economic growth forecast
Business & Money: 3 Apr 08
Swedish finance minister Anders Borg said he expects GDP growth of 2.1 percent in 2008 and 1.8 percent in 2009.
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Sweden unhappy with EBRD head selection process
Business & Money: 6 Mar 08
Sweden and other EU nations have said they are unhappy with the selection process for a new head of the European Bank for Reconstruction and Development.
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Sweden sees growth slow in 2007
Business & Money: 29 Feb 08
Sweden has reported a sharp slowdown in growth in 2007 from the previous year.
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Swedes hit with massive tax bill
National: 7 Feb 08
Swedes handed over a whopping 577 billion kronor of their income in taxes in 2007. No wonder the Finance Minister is smiling.
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Borg 'not worried' by inflation
Politics: 16 Jan 08
Sweden's Finance Minister Anders Borg has said figures showing inflation at its highest rate since 1993 do not make him 'terribly worried.'
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Government to correct credit listing inaccuracies
Business & Money: 27 Dec 07
Proposed changes to the Enforcement Authority database would block access to faulty information by third parties.
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Court ruling could cost state billions
Politics: 25 Dec 07
A court ruling highlights a corporate tax loophole that could deprive the government of 60 billion kronor in revenues a year.
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Reinfeldt more visible in media
Politics: 21 Dec 07
Prime Minister Fredrik Reinfeldt's low media profile would appear to have been raised - but it's not good news for the Swedish leader.
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Finance Minister pushes for pre-school reform
Politics: 13 Nov 07
Finance Minister Anders Borg has called for children to be allowed to start pre-school at the age of three.
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Lower taxes 'boosted Swedish growth'
Business & Money: 9 Nov 07
Lower taxes, higher wages and higher employment levels have boosted Swedish growth this year, the European Commission has said.
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Top aides admit to tax dodges
Politics: 6 Nov 07
Fredrik Reinfeldt's woes continue as ten out of fifteen Moderate Party state secretaries admit to having paid cash-in-hand for domestic services at some point.
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"When I studied at Stockholm University I was exposed to the telephone time concept. If you wanted to talk to a teacher you had to only call during certain times and visit them during certain times. Even if they were in their office with the door open you could not knock and talk to them..." READ »
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