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May 28, 2012
Eurozone
The following articles have been tagged with "Eurozone":
IMF warns Swedish economy 'vulnerable'
Business & Money: 16 May 12
The growth of the Swedish economy is vulnerable due to its exposure to weak European economies, International Monetary Fund wrote in a report released on Tuesday.
READ »
Bildt: next French leader faces 'wake up' call
Politics: 6 May 12
Swedish Foreign Minister Carl Bildt called on the French presidential election front-runner Francois Hollande on Saturday to take account of European economic conditions if he wins the second round of voting.
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'United States losing its global influence': Borg
Politics: 23 Apr 12
Sweden's finance minister Anders Borg warned at the weekend that the United States' position as a leader on the global economic stage was at risk due to its failure to strengthen an IMF crisis fund.
READ »
No change for Sweden interest rate: Riksbank
Business & Money: 18 Apr 12
Sweden's central bank is holding the country's benchmark interest rate steady at 1.5 percent, the Riksbank announced on Wednesday, saying the Swedish economy was showing some "positive signs".
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Sweden pledges $10bn to IMF bailout fund
Business & Money: 18 Apr 12
Sweden pledged $10 billion to the new International Monetary Fund (IMF) crisis funding, taking the global total to $286 billion with additional pledges from Norway and Denmark, the Fund's managing director announced on Tuesday.
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Why Sweden has had a good crisis
Analysis & Opinion: 2 Mar 12
Stockholm University professor Lars Calmfors explains why Sweden has so far escaped relatively unscathed from the financial crisis - and how the latest bout of uncertainty might affect the economy.
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Swedish economy hit by eurozone troubles
Business & Money: 29 Feb 12
Sweden's economy contracted in the last quarter of 2011, shrinking by 1.1 percent compared to the previous quarter and showing the export-dependent economy's vulnerability to the eurozone crisis.
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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 gets a seat at the eurozone table
Business & Money: 31 Jan 12
Sweden will participate in the eurozone pact on fiscal discipline, according to prime minister Fredrik Reinfeldt, who claims that all Sweden's demands for joining have been met.
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Sweden can back eurozone pact: Riksdag
Business & Money: 27 Jan 12
The Riksdag's EU affairs committee on Friday gave the go ahead to the Swedish government to support the eurozone budget pact at next week's EU summit, provided certain conditions are met.
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Social Democrats drop eurozone pact opposition
Politics: 26 Jan 12
The Social Democrats on Thursday dropped their longstanding opposition to Swedish participation in the eurozone pact on fiscal discipline, after reaching an agreement with the government of Fredrik Reinfeldt.
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Social Democrats affirm eurozone pact opposition
Business & Money: 18 Jan 12
The Social Democrats remain opposed to having Sweden join the eurozone stability pact, while the Centre Party said on Wednesday it supported the deal "with conditions".
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Ex-minister: financial transactions tax 'failed'
Business & Money: 15 Jan 12
In light of the current European debate on a financial transactions tax, former Swedish finance minister Bo Lundgren has spoken out about Sweden's "very negative" experience of implementing the tax in the 1980s.
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Bildt: euro stability lessened crisis impact
Business & Money: 13 Jan 12
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.
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Sweden boasts hefty budget surplus for 2011
Business & Money: 10 Jan 12
Sweden’s national debt office stated on Tuesday that the country’s budget surplus from 2011 stood at 68 billion kronor ($9.85 billion).
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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.
READ »
Sweden cuts interest rate amid eurozone worries
Business & Money: 20 Dec 11
Sweden's central bank cut the country's benchmark interest rate by 0.25 percent on Tuesday, at the same time signaling the rate would remain low throughout 2012 amid concerns about developments in the eurozone.
READ »
Sweden to support eurozone stability fund
Politics: 20 Dec 11
Sweden agreed on Monday night to help stabilize the euro by pledging to make loans to the International Monetary Fund to strengthen a eurozone bailout fund.
READ »
Sweden 'won't block' pact to save euro
Business & Money: 9 Dec 11
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.
READ »
Reinfeldt: markets 'don't want' EU treaty changes
Business & Money: 8 Dec 11
Sweden's prime minister Fredrik Reinfeldt on Thursday argued against changing the European Union treaty to help solve the euro debt crisis as suggested by the leaders of France and Germany earlier this week.
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Swedish euroscepticism at record high: poll
Politics: 6 Dec 11
Close to nine out of ten Swedes are keen to remain outside the eurozone and retain the krona, according to a new poll published on Tuesday in the wake of renewed problems afflicting the European single currency.
READ »
Borg: ECB has to act on eurozone crisis
Business & Money: 30 Nov 11
Swedish finance minister Anders Borg has called for renewed pressure Wednesday on the European Central Bank (ECB) to stop the euro debt rot from bringing down the global financial order.
READ »
Tougher demands for Sweden's biggest banks
Business & Money: 25 Nov 11
Sweden on Friday announced plans to beef up the capital adequacy requirements for the country's four largest banks to help protect the Swedish banking system amid the ongoing eurozone debt crisis.
READ »
Borg grabs top spot in Financial Times' ranking
Business & Money: 23 Nov 11
The Financial Times (FT) has elected Swedish finance minister Anders Borg as the best minister for finance in Europe for 2011, news met with scepticism by Borg's Social Democratic opponent, who claimed he would also have won the top spot if he had been finance minister.
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Sweden: hard at work or hardly working?
Analysis & Opinion: 9 Nov 11
Swedes have a reputation for studying longer, working fewer hours and enjoying more holiday leave than people in most other comparable countries, while others argue that the careerism rat race has taken hold. What do you think?
READ »
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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King slams Greece over referendum plans
Politics: 4 Nov 11
Sweden's King Carl XVI Gustaf has taken a swipe at embattled Greek prime minister George Papandreou for proposing a referendum on a bailout plan to help the debt-laden Greek economy.
READ »
Reinfeldt: Greek vote 'signals major problems'
Politics: 1 Nov 11
The Greek government's decision to call a referendum on the eurozone settlement to write down the country's debt, raises uncertainty over the Greek economy, according to Swedish PM Fredrik Reinfeldt.
READ »
Reinfeldt: danger not over for the euro
Politics: 27 Oct 11
Sweden's prime minister Fredrik Reinfeldt has warned that the settlement among eurozone leaders over the writing down of the Greek debt, has not removed the risks facing the single currency.
READ »
Riksbank leaves base rate unchanged
Business & Money: 27 Oct 11
Sweden's Riksbank has left Sweden's benchmark interest rate unchanged at 2 percent and has delayed any rises well into 2012, meeting market expectations.
READ »
Expert: build Nordic union 'if the euro falls'
Politics: 25 Oct 11
As the eurozone crisis continues to dominate European political business, Gunnar Wetterberg, an analyst at white collar union Saco, has stated the case for a Nordic Union and currency, to counter the threat of a euro collapse.
READ »
Ericsson shares surge on strong earnings report
Business & Money: 20 Oct 11
Swedish telecom giant Ericsson announced on Thursday a 6 percent jump in third quarter net profits, causing its shares to surge in morning trading on the Stockholm stock exchange.
READ »
Borg: EU debt crisis not just a eurozone issue
Analysis & Opinion: 13 Oct 11
The current debt crisis is a concern for all of Europe, not just to eurozone countries, Swedish Finance Minister Anders Borg tells AFP's Nina Larsson, highlighting the vulnerability of banks and exports in Sweden as an example.
READ »
Euro crisis a threat to Swedish banks: Borg
Politics: 12 Oct 11
Swedish finance minister Anders Borg warned on Wednesday that Swedish banks were "vulnerable" to the euro debt crisis, despite the country's strong public finances.
READ »
Reinfeldt: intensify 'peer pressure' to boost EU growth
Business & Money: 7 Oct 11
Swedish prime minister Fredrik Reinfledt joined his counterparts from Finland and the Netherlands in calling for an ambitious growth agenda and tighter fiscal policies to help combat the deepening euro debt crisis.
READ »
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.
READ »
Borg: Greek budget plan could 'fall off the rails'
Business & Money: 4 Oct 11
Sweden's finance minister Anders Borg warned on Tuesday that Greece is at risk of missing budget targets demanded by international lenders in return for bailout funds.
READ »
The Sweden Democrats - a year in the Riksdag spotlight
Analysis & Opinion: 29 Sep 11
A year has passed since the Sweden Democrats became Sweden’s newest parliamentary party and The Local’s Peter Vinthagen Simpson has a look at what has been achieved, what has not and what has changed.
READ »
Swedes cut food budgets as crisis unfolds
Business & Money: 15 Sep 11
Swedish consumers are choosing cheaper options in their weekly shop as the mounting eurozone debt crisis and fears of recession begin to bite.
READ »
Sweden faces economic slowdown: report
Business & Money: 31 Aug 11
Sweden's National Institute of Economic Research (NIER) has cut its forecast for Swedish growth and sees a significant risk that the eurozone debt crisis could worsen.
READ »
Reinfeldt pans proposed eurozone 'government'
Business & Money: 17 Aug 11
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.
READ »
Reinfeldt: eurozone crisis 'of your own making'
Politics: 11 Aug 11
After the latest downturn in the global economy Swedish prime minister Fredrik Reinfeldt commented on the situation in Europe for the first time, arguing that it is up to leaders to "act on the promises they have made".
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Swedish inflation climbs in July
Business & Money: 11 Aug 11
Sweden's inflation rate rose at a higher clip in July than in the previous month, partly due to rising mortgage interest costs, although consumer prices remained flat.
READ »
Stockholm stocks down on France concerns
Business & Money: 11 Aug 11
The Stockholm stock exchange plunged on Wednesday as global markets tumbled on fears of Greek debt and the risk of a downgrading of France's credit rating.
READ »
Stockholm stock market in shaky opening
Business & Money: 8 Aug 11
As expected the Stockholm stock exchange opened sharply down on Monday although after an hour's trading had rebounded into positive territory as the market battled to digest the weekend's global finance developments.
READ »
'Sweden will be affected by the crisis': experts
Business & Money: 8 Aug 11
Experts say Sweden won't avoid being affected by the turbulence in the world economy and the Social Democrats called for a meeting of the Riksdag’s financial committee to discuss the situation.
READ »
Stockholm stock market recovers lost ground
Business & Money: 5 Aug 11
The Stockholm stock exchange dropped by 4 percent at the opening of trading on Friday morning, but had recouped the losses by the afternoon amid mounting fears about the the global economy.
READ »
Nordea reports fall in profits
Business & Money: 19 Jul 11
Swedish-Finnish bank Nordea on Tuesday reported a 6 percent drop in net profits for the second quarter 2011, saying that improvements in banking activity had not compensated for a drop off in investments.
READ »
Swedes’ opposition to euro hits record high
Business & Money: 15 Jun 11
Nearly two thirds of Swedes say they are against adoption of the euro, the highest figure since polling began, according to a new survey.
READ »
IMF warns of Swedish house price decline
Business & Money: 1 Jun 11
Sweden's housing market shows signs of a bubble and is on the verge of a sustained price decline, the International Monetary Fund (IMF) has warned in a new report.
READ »
Sweden mulls impact of Finnish far-right rise
Politics: 18 Apr 11
Sweden's foreign minister Carl Bildt has expressed concern over the possible impact of the Finnish elections on Nordic and EU countries, after the emergence of the nationalist True Finns as a political force.
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Housing, clothes push up Swedish inflation
National: 12 Apr 11
Swedish inflation rose at a higher rate in March than the previous month driven by price hikes for clothing and footwear and housing, official data showed on Tuesday.
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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.
READ »
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 »
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 »
Sweden may support euro countries in crisis
Business & Money: 17 Dec 10
Swedish Prime Minister Fredrik Reinfeldt announced on Friday that Sweden has not yet ruled out the possibility of supporting a new emergency fund to bail out vulnerable euro countries.
READ »
Swedish economy posts record growth
Business & Money: 29 Nov 10
Sweden's economy continued its rapid expansion in the third quarter, easily beating analyst expectations and registering the highest year-on-year GDP growth rate on record, the national statistics agency reported on Monday.
READ »
Sweden ready to open coffers for Ireland: Borg
Business & Money: 22 Nov 10
Sweden is prepared to lend Ireland up to 10 billion kronor ($1.46 billion) to help with the country's current debt crisis, Swedish finance minister Anders Borg said Monday
READ »
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 »
Borg critical of possible eurozone bank bailouts
Business & Money: 12 Nov 10
Swedish Finance Minister Anders Borg sharply criticised senior politicians in the EU for bringing up the issue of whether private lenders should take a hit if financially strapped eurozone countries ask for help.
READ »
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.
READ »
Swedish growth to slow in 2011: IMF
Business & Money: 20 Jul 10
Swedish growth will slow in 2011, from around 3 percent today to 1.9 percent, according to a new prognosis from the International Monetary Fund (IMF).
READ »
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 »
Sweden and UK find common cause on EU
Politics: 8 Jun 10
Sweden's EU minister Birgitta Ohlsson has welcomed UK leader David Cameron's new Europe Minister, David Lidington, brushing aside concerns that Britain's new government would be stridently anti-European.
READ »
Opposition mounts to euro adoption in Sweden
Business & Money: 3 Jun 10
Opposition to joining the euro adoption is growing in Sweden, with an increasing number of people fearing that businesses would lose out if the country scrapped the krona and joined the single currency, a poll showed on Thursday.
READ »
Swedes confident despite debt crisis
Business & Money: 31 May 10
Swedish businesses and consumers remain confident about the prospects for the economy, despite the debt crisis in the eurozone, according to a new report.
READ »
Alliance coalition passes opposition: poll
Politics: 28 May 10
The government parties are ahead of the opposition for the first time since the 2006 election in a Synovate poll, with the Moderate party leading the rally on 31.8 percent of the electorate, up three percent on April.
READ »
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.
READ »
Greens call for 35-hour working week
National: 16 May 10
The Green Party voted at its annual congress on Saturday to include demands for a 35-hour work week in its manifesto for this September’s general election.
READ »
Parties hold firm on euro despite Greek crisis
Analysis & Opinion: 12 May 10
The Local's Peter Vinthagen Simpson and Vivian Tse review party policy as Sweden's backing of a eurozone bailout brings the issue of Sweden's membership of the euro back into focus.
READ »
Britain's euro bailout stance 'unrealistic': Borg
Politics: 11 May 10
Sweden's Finance Minister Anders Borg argued on Monday that the UK has a clear self-interest in helping to back the European Union bailout fund as London would be hit hard by a bank financing failure.
READ »
Unemployment falls for first time since crisis
Business & Money: 10 May 10
For the first time since the financial crisis, the unemployment rate has begun to fall compared to the situation a year ago. At the end of last week, 221,622 were registered as unemployed with the Public Employment Service (Arbetsförmedlingen), a decrease of 2,765 from the week before.
READ »
Sweden could assist eurozone bailout: Borg
Politics: 10 May 10
Sweden's finance minister Anders Borg was on Sunday unwilling to rule out that Sweden would assist in underwriting a bailout fund for troubled euro economies.
READ »
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.
READ »
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.
READ »
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.
READ »
More Swedes favour euro over krona: poll
National: 15 Dec 09
A majority of Swedes would favour switching from the krona to the euro if a referendum on whether Sweden should adopt the common European currency were held today, a new poll shows.
READ »
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.
READ »
Sweden takes over EU presidency
Politics: 1 Jul 09
Sweden on Wednesday assumed the six-month rotating presidency of the European Union, promising to combat climate change as well as the rising joblessness in the wake of the global economic crisis.
READ »
Economic crisis and climate top Swedish EU priorities
Analysis & Opinion: 30 Jun 09
The global economic crisis, soaring unemployment in Europe and climate change top Sweden's agenda as it takes over the European Union six-month presidency in difficult conditions on Wednesday, writes AFP's Francois Campredon
READ »
Euro support hits six-year high: poll
Business & Money: 23 Jun 09
Support for Sweden joining the eurozone has reached its highest point since the 2003 referendum, with voters in favour of retaining the krona maintaining a lead of just one percentage point in a new poll.
READ »
'Sweden ready for euro entry': report
Politics: 27 Jan 09
A new report indicates that economic arguments against euro entry are no longer valid and concludes that in the wake of the finance crisis, it is now time for Sweden to join.
READ »
Swedish town adopts euro
Society: 2 Jan 09
Tired of government inactivity, the town of Höganäs, a popular tourist destination on the south-west coast of Sweden, has decided to adopt the euro.
READ »
Is it time for Sweden to join the eurozone?
Analysis & Opinion: 18 Dec 08
With the Swedish currency foundering in a deepening economic crisis, Jonathan Ward wonders if Sweden should reconsider its decision to shun the euro.
READ »
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.
READ »
Sweden remains loyal to crown as neighbours ponder euro
Analysis & Opinion: 27 Oct 08
Sweden was on Monday showing few signs of abandoning its beloved krona, as Denmark and Iceland both began to get serious about joining the eurozone.
READ »
Krona at weakest level in six years
Business & Money: 22 Oct 08
The value of the Swedish krona dropped further in overnight trading ahead of Wednesday’s opening of markets in Europe, trading at 10.15 kronor per euro and 7.95 kronor per US dollar.
READ »
Swedish economists unimpressed by G7 agreement
Politics: 11 Oct 08
The G7 group of leading industrialized nations agreed on Friday to take united action to tackle the financial crisis. Swedish bank SEB's leading economist is unimpressed by the plan.
READ »
Swedish traders warm to euro
Society: 10 Jul 08
Acceptance of euro notes and coins is becoming more and more widespread in Swedish businesses, according to a new survey.
READ »
Bank raises rates again
Business & Money: 30 Oct 07
Sweden's central bank, the Riksbank, has raised interest rates by 0.25 percentage points to 4.0 percent. The move was widely expected.
READ »
Alliance rejects Liberal calls for euro vote
Politics: 9 Aug 07
Sweden should hold another referendum on introducing the euro, leading Liberals, including Europe Minister Cecilia Malmström, have said. Colleagues from other parties in the ruling coalition have already rejected the idea.
READ »
Swedes save money by staying out of euro
Politics: 11 Mar 07
Swedish homeowners are together five billion kronor richer thanks to the country's decision not to join the euro. The average city dweller saved over 5,000 kronor in 2006 thanks to the decision to keep the krona.
READ »
Nordic economies forge ahead of European rivals
Analysis & Opinion: 19 Dec 06
The Nordic countries are all in rude economic health, with growth outstripping that of Britain, Germany and France. AFP's Delphine Toitou takes a look at their recipe for success.
READ »
IMF: Sweden needs more tax cuts
Business & Money: 14 Nov 06
Sweden's new centre-right government is heading in the right direction by cutting tax for people on low incomes, according to the International Monetary Fund. But more tax cuts are needed for the better off, it says.
READ »
"EU lacks leadership" say delegates at Swedish global forum
Smörgåsbord: 2 Aug 05
READ »
Sweden "ready for euro"
Smörgåsbord: 25 Feb 05
READ »
Sony Ericsson tops Sweden's handset rankings
Business & Money: 11 Jan 05
Swedes continue to support the home team and nordic neighbours Nokia in the battle for mobile handset supremacy.
READ »
Swedes buying more online
Smörgåsbord: 23 Dec 04
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 »
The story of K Composite Magazine »
"I’m working on a couple long articles which will be posted here soon. While those are in the works, I thought I’d share this article and interview about my magazine, K Composite, which was recently published on the site Design-Milk.com. Enjoy! Scott Ritcher launched his now digitally glossy mag, K Composite, back when Macs were used..." READ »
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