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May 28, 2012
Deficit
The following articles have been tagged with "Deficit":
'Immature' kids more likely to get ADHD drugs
Science & Technology: 10 May 12
Children in Sweden diagnosed with and prescribed drugs for attention deficit disorders like ADHD may simply be immature in comparison to their peers, according to new statistics.
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Sweden, UK team up for EU bank rules battle
Business & Money: 2 May 12
Sweden teamed up with Britain and other eastern European allies in a showdown Wednesday against other EU states led by Germany and France over rules to protect banks against any crisis.
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Global weapons spending levels out: Swedish think tank
Science & Technology: 18 Apr 12
Global spending on arms totalled $1.740 trillion last year, a figure which is largely the same as in 2010 in real terms, new figures from the Stockholm International Peace Research Institute (SIPRI) show.
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'Sweden needs laws against politicians' reckless spending'
Analysis & Opinion: 28 Mar 12
Sweden should change its constitution to ensure that spendthrift politicians don't leave the economy in ruins, argues Jacob Lundberg of the Moderate party's youth wing.
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Ibrahimovic marks Milan return with a hat-trick
Sport: 4 Mar 12
Swedish striker Zlatan Ibrahimovic signalled his return to action after a three match ban with a first-half hat-trick, helping defending champions Milan to an emphatic 4-0 win over Palermo on Saturday.
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EU to probe Sweden's 'economic imbalance'
Business & Money: 14 Feb 12
Sweden is among twelve countries set to be discussed in a report from the EU commission, due to what the European Commission has identified as imbalances in the economy.
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Sweden's hockey juniors beat Finland in semi-final
Sport: 4 Jan 12
The Swedish ice-hockey juniors reached the World Cup final after a gut wrenching turn against sister nation Finland during the night to Wednesday.
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Swedes' disdain for the euro hits new heights
Analysis & Opinion: 27 Dec 11
The debt crisis plaguing the eurozone has left Swedes loving their cherished krona more than ever, a sentiment shared by non-euro country Denmark as well, as both struggle to keep the euro's woes from hurting their own economies.
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Why Sweden should stay out of the EU budget pact
Analysis & Opinion: 13 Dec 11
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.
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Sweden safe while butter shortage hits Norway
Society: 11 Dec 11
While Norway is reeling from a severe butter shortage, causing some to try to smuggle butter in across the border and others make a killing on the black market, Swedes can relax in the knowledge that their Christmas baking is safe.
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Borg: Berlusconi guilty of 'short-term populism'
Politics: 9 Nov 11
Sweden's finance minister Anders Borg on Wednesday gave his assessment of the Italian government's role in the EU sovereign debt crisis, accusing outgoing PM Silvio Belusconi of not having taken the situation seriously.
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Swedes propose EU debt crisis solution: report
Business & Money: 6 Oct 11
Swedish politicians are reported to be behind a proposal to allow the European investment bank (EIB) to play a key role in the rescue of troubled European banks.
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Stock market continues downward slide
Business & Money: 19 Aug 11
The Stockholm stock market continued to fall on Friday, with the OMXS-index dropping nearly 4 percent within 30 minutes of opening and finishing the week down nearly 11 percent - and the lowest level since autumn 2009.
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Moderates push back promised tax cut plans
Politics: 16 Aug 11
Prime minister Fredrik Reinfeldt announced on Tuesday his Moderate Party was delaying plans to implement several tax reductions, citing increasing concerns about the state of the global economy.
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Borg promises restraint as stocks head south
Politics: 8 Aug 11
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 US markets opened.
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Sweden's Alshammar swims home new gold
Sport: 31 Jul 11
Sweden's superstar swimmer Therese Alshammar finally snagged her gold after winning the women's 50m freestyle title at the world championships on Sunday.
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Sweden ease through to World Cup semi-final
National: 10 Jul 11
Sweden have progressed to the semi-finals of the FIFA Women’s World Cup after a comfortable 3-1 victory over Australia on Sunday, lining up a clash with Japan.
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Borg slams Gordon Brown as new IMF head
Business & Money: 19 May 11
Swedish finance minister Anders Borg on Thursday ripped the record of former UK PM Gordon Brown, while praising French finance minister Christine Lagarde amid speculation over who may become the new head of the IMF.
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Swedes to face Finland in ice hockey final
Sport: 14 May 11
Sweden reached its first ice hockey World Cup Final in five years on Saturday, following a comprehensive victory over the Czech Republic.
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Sweden projects budget surplus build-up
Business & Money: 13 Apr 11
The government expects a budget surplus by the end of the year, although Sweden's 2011 growth rate may not be as strong as previously forecast, according to the spring budget bill released on Wednesday.
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Arms spending slows: Swedish think tank
Business & Money: 11 Apr 11
Global military spending last year grew by the slowest rate since 2001 as defence budgets shrank in the wake of the world economic crisis, Swedish think-tank SIPRI reported on Monday.
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Juholt: 'There is another way, a different choice'
Politics: 26 Mar 11
Håkan Juholt, the new leader of Sweden's Social Democrat party, attacked the government's record on youth unemployment, child poverty and 'growing divides' in society, in his inaugural speech on Saturday.
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Britain lauds Sweden's 'tiger economy'
Business & Money: 11 Feb 11
Sweden's economy came in for high praise on Friday when UK Chancellor of the Exchequer George Osborne revealed that he was keen to examine and learn from how the country has dealt with crises and handled its finances over the last 20 years.
READ »
Water shortages to force Middle East cooperation
Politics: 11 Feb 11
A report jointly funded by the Swedish and Swiss governments warned on Thursday of acute water shortages in the Middle East that would force feuding neighbours in the region to cooperate to address them.
READ »
Sweden raises 19 billion kronor from Nordea sale
Politics: 4 Feb 11
The Swedish government confirmed on Friday that it had raised 19 billion kronor ($2.94 billion) on the sale of 255 million of its shares in Nordic banking giant Nordea.
READ »
Lidström captains NHL all-star squad to victory
Sport: 31 Jan 11
Veteran Swedish defenceman Nicklas Lidström captained his all-star squad to a 11-10 win against Team Eric Staal in the National Hockey League All-Star Game in Raleigh, North Carolina on Sunday.
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Sweden's economy on display in Davos
Analysis & Opinion: 28 Jan 11
Sweden's strong economy is in focus at this year’s World Economic Forum in Davos, giving the centre-right Alliance government a chance to spread a new image of Sweden, writes Prime Minister Fredrik Reinfeldt and three of his ministers.
READ »
Alliance faces defeat in sale of state-owned firms
Business & Money: 21 Jan 11
Sweden's ruling minority Alliance coalition may lose yet another vote in parliament after the Sweden Democrats announced their intention to support a motion to stop or restrict the sale of state-owned enterprises.
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Is Sweden's economic future paved with gold?
Analysis & Opinion: 19 Jan 11
The Swedish economy hasn't yet been dragged down by eurozone debt problems, and while growth is strong and exports are up, Sweden might still face a few economic bumps on the road ahead, the AFPs Marc Preel reports.
READ »
Ozone layer hits record thickness in Sweden
Science & Technology: 8 Jan 11
Sweden's government weather agency reported on Friday that the ozone layer over southern Sweden reached its thickest levels at the end of last year, surpassing the previous record set in 1991.
READ »
Swedish trade surplus continues to swell
Business & Money: 29 Dec 10
Sweden boasted a trade surplus of 10 billion kronor ($1.4 billion) for November, nearly a five-fold increase from November of last year, statistics published on Wednesday reveal.
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Top Swedish execs less keen on the euro
Business & Money: 27 Dec 10
A number of prominent Swedish business leaders have become more sceptical towards Sweden joining the euro in the near future, but stressed their belief in the currency's viability in the long term.
READ »
Zlatan's magic earns victory for Milan
Sport: 21 Nov 10
A spectacular strike by Sweden’s Zlatan Ibrahimovic was enough to give AC Milan a 1-0 win over Fiorentina on Saturday, moving them four points clear at the top of Serie A.
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Swedish budget surplus by 2011: report
Business & Money: 16 Nov 10
Sweden is expected to be running a budget surplus in 2011, according to a new forecast from the country’s National Debt Office.
READ »
Sweden 'threatens the global economy': study
Business & Money: 12 Nov 10
An American think tank has criticised Sweden for maintaining a constant current account surplus, arguing that doing so poses a threat to the functioning of the global economy.
READ »
Riksbank head warns of soaring household debt
Business & Money: 11 Nov 10
The head of Sweden's central bank has warned against expanding household debt, pointing out that it plays a significant role in the bank's decisions to raise interest rates.
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Prof's privacy appeal denied by Euro court
Education: 2 Nov 10
The European Court of Human Rights has upheld a Swedish court decision to fine a former Swedish university department head for barring access to and later destroying research material.
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Britain looks to Sweden for austerity plan ideas
Analysis & Opinion: 24 Oct 10
As Britain braces for massive spending cuts, observers say Prime Minister David Cameron should take note of Sweden's successful battle to shrink its huge deficit in the 1990s, writes AFP's Nina Larson.
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Federer faces Germany's Meyer in Stockholm final
Sport: 24 Oct 10
Top-seeded Swiss star Roger Federer hopes to extend a 35-win streak against German players ahead in the Stockholm Open final on Sunday when he faces what will surely be a nervous challenge from Germany's Florian Mayer.
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Understanding the Social Democratic collapse
Analysis & Opinion: 13 Oct 10
The Social Democrats' stinging defeat in Sweden’s September 19th election is part of a systemic shift in European society, write Moderate Party MP Johnny Munkhammar and Nima Sanandaji of the Captus think tank.
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Surprise rise in Swedish bankruptcies
Business & Money: 6 Oct 10
Bankruptcies rose 15 percent in September, snapping the streak of declining bankruptcies observed so far this year.
READ »
Election Q&A: the Social Democratic Party
Analysis & Opinion: 16 Sep 10
The Local has a quick Q&A with Social Democratic Party Secretary Ibrahim Baylan to learn more about the party's stance on a few key issues.
READ »
Alliance touts strong economy in election bid
Analysis & Opinion: 15 Sep 10
From speeches to press conferences, Sweden's ruling centre-right coalition has tirelessly pumped forth the country's sound economic performance in its re-election bid ahead of Sunday's election, writes AFP's Marc Preel.
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Borg: Strong economic recovery continues
Business & Money: 8 Sep 10
Sweden appears to be making a spectacular recovery from the deep recession its export-reliant economy experienced during the global financial crisis.
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Borg warns against new EU bank tax
Business & Money: 7 Sep 10
Sweden has slammed what is sees as a 'detrimental' proposal for higher taxes on banks in Europe, cautioning on Tuesday that institutions would simply relocate to avoid the charges.
READ »
Fiery debate over Red-Green spending plan
Politics: 1 Sep 10
Anders Borg on Wednesday took aim at the opposition’s "rampant" spending programme, prompting his Social Democratic counterpart to call the finance minister's analysis "defective and silly".
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Sweden's economy in good shape: report
Business & Money: 31 Aug 10
Exports, domestic demand and strong public finances all indicate that Sweden's economy is in good shape, the country's financial management authority and several major banks said on Tuesday.
READ »
Ticket holders miss out after Hultsfred closure
National: 24 Aug 10
Hultsfredsfestivalen AB, the firm behind the iconic Swedish music festival which has filed for bankruptcy, is unlikely to offer refunds to any of the 5,000 ticket holders, administrators said on Tuesday.
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Sweden earns praise for public finances
National: 14 Aug 10
Ratings agency Fitch praised Sweden on Friday for its handling of the financial crisis as the country retained its AAA long-term foreign currency debt rating.
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Time for Europe to fix its finances
Analysis & Opinion: 27 Jul 10
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.
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Nordea Q2 profit falls, issues mixed outlook
Business & Money: 21 Jul 10
Nordea Bank announced a second-quarter profit decline on Wednesday and issued a mixed economic outlook, pointing out that the Nordic countries doing well, but the eurozone is still fighting a debt crisis.
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Trade surplus decreases in May
Business & Money: 28 Jun 10
In May, Sweden's net trade surplus declined to 2.7 billion kronor ($348.59 million) from 8.1 billion the previous year, Statistics Sweden (Statistiska centralbyrån, SCB) reported on Monday.
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Reinfeldt rejects EU-wide fiscal sanctions
Politics: 17 Jun 10
Sweden's Prime Minister Fredrik Reinfeldt on Thursday rejected the prospect of new sanctions for fiscally irresponsible countries outside of the eurozone, as he arrived in Brussels for a meeting of EU heads.
READ »
Reinfeldt and Cameron call for EU deficit action
Politics: 17 Jun 10
Sweden's Prime Minister Fredrik Reinfeldt has joined forces with UK Prime Minister David Cameron to lay out "four clear steps" to ensuring that Europe tackles its economic crisis as EU premiers head to Brussels for crisis talks.
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IMF praises Sweden for handling of crisis
Business & Money: 7 Jun 10
The International Monetary Fund (IMF) has praised both Sweden's central bank, the Riksbank, and the Swedish government for their handling of the economic crisis.
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Borg calls on EU partners to disclose deficit cuts
Business & Money: 17 May 10
Sweden's Finance Minister Anders Borg has demanded that Spain and Portugal disclose their plans to reduce budget deficits at a meeting of eurozone finance ministers in Brussels that begins later on Monday.
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Reinfeldt congratulates Cameron on victory
Politics: 12 May 10
Swedish Prime Minister Fredrik Reinfeldt congratulated his new British counterpart David Cameron and called on him to reduce the deficit left behind by Gordon Brown's Labour Party.
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Swede teen claims damages for 'lost youth'
Society: 12 May 10
A teenager diagnosed with autism has filed a demand for damages with Sweden's highest legal official after being taken into involuntary care, a decision which was rejected as lacking legal grounds after two years.
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Astra Zeneca reports profits boost
Business & Money: 29 Apr 10
Anglo Swedish pharmaceuticals firm AstraZeneca reported a first quarter profit climb of 29 percent on Thursday on the back of a "strong" performance in emerging markets and sales of key products.
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AstraZeneca fined for anti-psychotic drug
Business & Money: 28 Apr 10
Anglo-Swedish pharmaceutical firm AstraZeneca has agreed to pay a $510 million fine to settle a case alleging that it illegally marketed an anti-psychotic drug, the US justice department has confirmed.
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Sweden sees first quarter trade surplus shrivel
Business & Money: 26 Apr 10
Sweden's trade surplus for the first three months of 2010 was 25.3 percent lower than the same period last year, according to new figures from Statistics Sweden.
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Swedish economy on the mend
Business & Money: 23 Mar 10
Sweden is expected to post a budget surplus next year as the effects of the financial crisis continue to recede, according to a financial authority report.
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'Every wasted krona amounts to theft'
Analysis & Opinion: 18 Mar 10
Recognizing frustration among a heavily taxed electorate, the Swedish Taxpayers Association has joined hands with the free-market think tank Timbro to appoint a special ombudsman to which citizens can report wasteful government spending.
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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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Debt office forecasts boost to state coffers
Business & Money: 3 Mar 10
The Swedish National Debt Office (Riksgälden) has forecast that state finances will recover quicker than expected and anticipates financial scope for government spending in time for the autumn election.
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Krona hits 14-year high against pound
Business & Money: 2 Mar 10
Tourists from Sweden are set to benefit this spring as the krona continues to strengthen against major global currencies.
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Record student intake at Swedish universities
Education: 1 Mar 10
Almost 300,000 students signed up for courses at Swedish universities in 2009 - the highest number ever, according to new statistics published on Monday.
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Sweden counts cost of winter snowfalls
National: 18 Feb 10
Swedish municipalities are struggling to balance budgets as the cost of keeping streets and buildings free of snow continues to escalate as winter keeps its hold on the country.
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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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Pärson scores timely World Cup victory
Sport: 29 Jan 10
Top Swedish skier Anja Pärson sealed her first World Cup win of the season in the women's super-combined event in St. Moritz on Friday, just weeks before the start of the Winter Olympics in Vancouver.
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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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Crisis takes its toll on Sweden's balance sheet
Business & Money: 12 Jan 10
Sweden’s state finances deteriorated markedly during 2009, with the National Debt Office reporting a deficit of 176 billion kronor ($24.8 billion) for the year.
READ »
Electricity prices soar as temperatures plummet
Business & Money: 7 Jan 10
Electricity prices in Sweden continue to rise in the wake of the prolonged spell of subzero temperatures across much of the country.
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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.
READ »
State-run company chiefs enjoy wage hike
Business & Money: 20 Nov 09
Earnings of the bosses of Sweden’s ten biggest state-run companies rose an average of 36 percent between 2004 and 2008, while employees had to settle with a 15 percent increase during the same period.
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AIK takes home Swedish football league title
Sport: 1 Nov 09
Stockholm’s AIK football club reversed a one-goal deficit to defeat IFK Gothenburg 2-1 in a dramatic title-deciding match, claiming the Allsvenskan championship for the first time in eleven years.
READ »
Reinfeldt urges EU unity on climate change aid
Politics: 29 Oct 09
Prime Minister Fredrik Reinfeldt pushed European leaders to commit to concrete figures for helping poor countries fight climate change as EU heads gathered for a summit in Brussels on Thursday.
READ »
Geely faces Volvo image challenge: analysts
Analysis & Opinion: 29 Oct 09
Geely Automobile's confirmed bid for Volvo is evidence of China's growing economic clout, but analysts say the company will face the tough challenge of ensuring the Swedish brand's reputation for safety, writes AFP's Allison Jackson.
READ »
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.
READ »
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.
READ »
Four billion extra pledged in fight against crime
Politics: 8 Sep 09
The Swedish government has allocated an additional 4 billion kronor ($570 million) to the fight against crime in a bid to achieve the governing parties' pledge to have 20,000 police officers on Sweden's streets by 2010.
READ »
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.
READ »
'High speed trains offer no environmental benefit': report
National: 21 Aug 09
High speed railways are unprofitable and afford marginal climate gains, a new Swedish report argues, contradicting the government's position.
READ »
Sweden coming out of recession: Riksbank
Business & Money: 18 Aug 09
"The deep recession has hit bottom", Sweden's deputy central bank governor Svante Öberg said in a speech made on Tuesday, although he also predicted that a full recovery would take several years.
READ »
ADHD common among adopted kids: study
Science & Technology: 6 Aug 09
Attention deficit hyperactivity disorder (ADHD) is much more common among children adopted from abroad than among those born in Sweden. Those at highest risk for the disorder have been adopted from Eastern Europe, according to a new study.
READ »
Sweden to close New York and LA consulates
National: 23 Jul 09
The Swedish foreign ministry announced on Thursday it was closing its consulates general in New York and Los Angeles due to budget constraints.
READ »
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.
READ »
European leaders impatient for Swedish EU presidency
National: 28 Jun 09
European leaders have expressed impatience for the Swedish EU presidency to start after a troubled six months under the Czechs.
READ »
IMF praises Sweden's response to financial crisis
Business & Money: 16 Jun 09
Sweden’s approach to managing the financial crisis has resulted in praise from the International Monetary Fund (IMF).
READ »
Swedish debt soars to 200 billion kronor
Business & Money: 12 Jun 09
Sweden's lending to crisis-ridden Iceland and to domestic banks struggling in the Baltics has contributed to a vast upward revision of the country's debt for 2009.
READ »
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.
READ »
Super Söderling digs deep to reach Paris final
Sport: 5 Jun 09
Swedish tennis star Robin Söderling scored a dramatic five set victory over Fernando Gonzalez on Friday to advance to the final of the French Open.
READ »
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.
READ »
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.
READ »
Boyfriend blames ADHD for genital tattoo abuse
National: 5 May 09
A Swedish man has claimed that his attention deficit disorder (ADHD) is to blame for the aggravated assault of his girlfriend which extended to tattooing his name and ID number on her sexual organs.
READ »
Ibrahimovic silences critics as Inter close in on title
Sport: 3 May 09
Sweden's Ibrahimovic was the inspiration as Inter Milan took a step closer to claiming a fourth consecutive Serie A title following Saturday's 2-0 win over Lazio.
READ »
Sweden triumphant in comeback hockey win over US
Sport: 30 Apr 09
Sweden scored a thrilling, 6-5 come from behind victory against the United States in sudden death overtime on Wednesday night at the World Ice Hockey Championships in Berne, Switzerland.
READ »
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.
READ »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
Prime Minister Reinfeldt chats with The Local »
"If you missed it yesterday, here’s The Local’s editor David Landes snagging Prime Minister Reinfeldt for a chat before Princess Estelle’s baptism. Always nice to know the PM has time for TL!" READ »
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