Financial_crisis
The following articles have been tagged with "Financial_crisis":
Riksbank unveils new board members
Business & Money: 22 May 13
Sweden's central bank has appointed two new board members plucked from banking and academia to replace two outgoing members, one of whom was an outspoken critic of the Riksbank's commitment to the government's inflation goal.
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Warning over 'long-term' Swedish export slump
Business & Money: 21 May 13
Sweden's largest business confederation has gone out guns blazing, criticizing politicians for not facing up to the challenges of "a lost year for Swedish exports" in 2012.
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Swedish euro scepticism hits all time high
Politics: 6 May 13
Fewer than one in ten Swedes want to replace the krona with the euro, in an overall EU-confidence dip that political scientists tie to the financial crisis.
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Volvo posts biggest loss since financial crisis
Business & Money: 25 Apr 13
Swedish heavy vehicle maker Volvo on Thursday posted a quarterly loss of 101 million kronor ($15.3 million), which came as a shock to market analysts who had predicted profits of over 1 billion kronor.
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Swedish glassmaker shifts jobs overseas
National: 15 Apr 13
Leading Swedish glassmaker Orrefors Kosta Boda has said that seven out of ten glasses the company produces in the future will be made abroad, where it is also scouting for a new breed of buyers.
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'Net dating makes me wonder if I'd date myself'
Lifestyle: 12 Apr 13
A lost wallet, a shaved-bare 24-year-old, and multiple page visits by a steroid addict leaves Emilia Millicent thinking she's had the worse run of luck at internet dating ever... until she asked her friends about theirs.
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'The booze won't be free even if Greece wins'
Lifestyle: 11 Apr 13
In the latest in a series profiling different communities in Malmö as the city prepares to host the Eurovision Song Contest, The Local's Patrick Reilly talks to Greeks in Malmö to find out where their loyalties lie.
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Sweden reacts to Thatcher's death
Analysis & Opinion: 8 Apr 13
Swedish reactions to the death on Monday of former British Prime Minister Margaret Thatcher, 87, ranged from celebratory to lumping her together with former Chilean dictator Augusto Pinochet.
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'Job market integration won't come for free'
Analysis & Opinion: 2 Apr 13
If the government doesn't speed up its labour market reforms, Sweden risks losing out on the full potential of an entire generation of foreign-born workers, argues Swedish Confederation of Enterprise economist Li Jansson.
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Swedbank to pull out of Russia and Ukraine
Business & Money: 2 Apr 13
Swedish bank Swedbank has announced plans to shutter operations in Russia and Ukraine as part of a strategy to focus on markets closer to home.
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Bienvenido to The Local Spain!
National: 5 Mar 13
Today The Local Spain is throwing open its doors, bringing locally-sourced Spanish news to English speakers – both in Spain and abroad.
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'Sweden will continue to punch above its weight'
Analysis & Opinion: 20 Feb 13
Sweden’s ability to pack a foreign policy punch equal to the jab of the big EU three - Germany, France, and the UK - is neither remarkable nor a passing fad, writes international relations Ph.D. candidate Annelie Gregor.
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'CV discrimination is idiotic': opposition
Politics: 20 Feb 13
The Social Democrats accused the right-of-centre government of pessimism, infighting and wage dumping on Wednesday, as leader Stefan Löfven introduced new proposals to shore up the welfare state and boost jobs.
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Swedes open to pay cuts to save jobs
Business & Money: 7 Feb 13
More than half of Swedes would accept a cut in their salary if it protected against job losses in the current employment climate, a new opinion poll showed on Thursday.
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Party leaders jostle over job loss threat
Politics: 16 Jan 13
The opposition Social Democrats have accused the government of being ill-prepared to deal with unemployment in the new year's first party leader debate in the Riksdag.
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Swedes to get Raoul Wallenberg memorial day
Politics: 4 Jan 13
Top Swedish politicians have introduced an official memorial day for the "great Swede" Raoul Wallenberg, who saved 100,000 people from the Holocaust in Budapest during World War II.
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Danish labour law attracts Swedish workers
Business & Money: 27 Dec 12
Many thousands of Swedes flock across the sound to Denmark for work every day, but now Copenhagen is trying to tailor the country's labour market 'flexicurity' to a new reality of sluggish growth and rising unemployment.
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Nobel Prize ceremony concludes in Stockholm
National: 10 Dec 12
Sweden's King Carl XVI Gustaf has handed over this year's prizes to the Nobel laureates at Stockholm's Concert Hall, watched over by more than 1,500 honoured guests.
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Swedish banks face 'heavy hand': Borg
Business & Money: 27 Nov 12
Sweden’s Finance Minister Anders Borg told Swedish banks on Tuesday that they will face tougher regulations year-by-year for the foreseeable future, as he addressed the Nordic Bank Summit in Stockholm.
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Young Swedes struggle with woeful job market
Society: 19 Nov 12
With Sweden's youth unemployment statistics consistently high and more young Swedes forced to seek greener pastures in Norway, AFP's Soren Billing looks into the Swedish model and how it's leaving young Swedes jobless.
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Layoffs double in Sweden as pessimism rises
Business & Money: 14 Nov 12
Redundancies in Sweden are on the rise, with a fresh report showing that twice as many workers were laid off in October compared to the same month last year.
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Swedish press highlights Obama challenges
Analysis & Opinion: 8 Nov 12
Following the significant coverage of the US elections in the Swedish media, the opinion pages of the four main newspapers have moved focus to the challenges which lie ahead for the re-elected American president.
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Executive education: Climb the career ladder
Education: 1 Nov 12
A global classroom, an interactive learning environment and the chance to network with global peers and professionals. Boost your business acumen and professional credentials by joining the 55,000 alumni of the Kellogg Executive MBA program at WHU - Germany’s Otto Beisheim School of Management.
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Live Blog: 2012 Nobel Prize announcements
Society: 15 Oct 12
The winners of the 2012 Nobel Prizes are being announced this week in Stockholm. The Local brings you all the latest news, reactions, and details surrounding the winners and why they won.
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Swedish banks 'a safe haven' from euro crisis
National: 14 Oct 12
Swedish banks report having seen a boost in foreign investors seeking safer investments away from the troubled eurozone.
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IMF hails Sweden's crisis management skills
Business & Money: 9 Oct 12
The International Monetary Fund (IMF) has praised Sweden's handling of the financial crisis in a new report, while at the same time lowering its growth forecast for the global economy.
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Sweden snags top spot in European tax ranking
Business & Money: 3 Oct 12
Sweden has once again topped the European tax league, boasting a 56.6 marginal tax rate, according to a new report.
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Starbucks preps for full-on Swedish invasion
Business & Money: 27 Sep 12
Starbucks coffee shops may soon be a familiar sight on Stockholm streets as the US chain aims to beef up its presence in Scandinavia following a "milestone" deal with a Norwegian partner.
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Swedish real estate tycoon found dead
National: 23 Sep 12
Swedish financier Maths O Sundqvist, whose risky deals led to the 2008 demise of the Carnegie investment bank, was found dead near an all-terrain vehicle in northern Sweden on Sunday morning.
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'We can afford to invest in Sweden': Reinfeldt
Politics: 18 Sep 12
Sweden's parliament officially opened on Tuesday with sombre remembrances, royal reflections, and a promise from Prime Minister Fredrik Reinfeldt that the goverment would "invest in Sweden".
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Sweden's Borg dismisses EU bank supervision plan
Politics: 16 Sep 12
Sweden's finance minister Anders Borg rejected as "unacceptable" plans to place all eurozone lenders under the supervision of the ECB at a meeting of top EU officials on Saturday.
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'Free markets to thank for Swedish model success'
Analysis & Opinion: 10 Sep 12
While Sweden is often held up as a shining example of the benefits of a generous welfare state, a new paper argues that free markets, rather than a large state sector, are the real key to Sweden's economic success.
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Educated Greeks flock to Sweden to find work
Business & Money: 27 Aug 12
The deep financial crisis in Europe has led to more Greek citizens arriving in Sweden to seek employment, with twice as many coming 2011 compared to the year before.
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Sweden's fashion exports prosper despite crisis
Business & Money: 24 Aug 12
Swedish fashion exports are booming according to industry experts, who say that the upward trend is strong despite unstable European economies and the lingering financial crisis.
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'You're a clown': Swedish PR firm to Belarusian leader Lukashenko
Analysis & Opinion: 19 Jul 12
In an open letter to Belarusian president Alexander Lukashenko, founder of Swedish PR firm Studio Total Per Cromwell protests the arrest of a Belarusian journalist and takes aim at the leader's "laughable" legacy.
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Stefan Löfven finally crosses the water
Politics: 10 Jul 12
Stefan Löfven delivered his first speech at Almedalen as Social Democrat party leader, and while the rhetoric was solid, he has a tough road ahead to bring the party back to the pinnacle of Swedish politics, argues correspondent and commentator David Linden.
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Was Reinfeldt's 'boring' speech the 'best' so far?
Politics: 5 Jul 12
While expectations were high ahead of Fredrik Reinfeldt's speech at Almedalen, correspondent and commentator David Linden reports that it remains unclear whether Sweden's prime minister really wowed the crowd – or voters.
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120,000 young Swedes not working or studying
Business & Money: 28 Jun 12
Some 120,000 people in Sweden between the ages of 16 and 25 were neither working nor studying in 2010, according to a new report published Thursday,
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Swedish working week hits historic 26 hour high
Business & Money: 15 Jun 12
Swedes are working more hours today than at any point in the last two decades, according to a new study, which found that Swedes today work nearly one hour more per week on average than they did in 2006.
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Three Swedish banks downgraded by Moody's
Business & Money: 25 May 12
Moody's Investors Service on Thursday downgraded its long-term ratings on three Swedish banks, believed to be at risk if the European financial crisis deepens.
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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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Volvo unveils first car with 'pedestrian' airbags
Science & Technology: 6 Mar 12
A new Volvo V40 hatchback, equipped with the latest in safety features including the first ever “external“ airbag system, was unveiled at the Geneva Motor Show 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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'CEOs earn in a year what workers earn in a lifetime': union
Business & Money: 29 Feb 12
CEOs in Sweden earn on average in one year what manufacturing workers stand to earn in their entire lifetimes, according to a report from Sweden's main trade union group.
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Springsteen: US should be 'more like Sweden'
Society: 17 Feb 12
Bruce Springsteen wants to see the United States transformed into something closer to a Swedish-style welfare state, the rock legend said Thursday as he unveiled his latest studio album “The Wrecking Ball” to reporters.
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Handelsbanken posts strong 2011 report
Business & Money: 15 Feb 12
Handelsbaken, Sweden's second largest bank, on Wednesday reported much-improved earnings for 2011, largely thanks to a drop in credit losses.
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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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Borg 'most popular' minister in Sweden: poll
Politics: 3 Jan 12
Sweden's Minister of Finance, Anders Borg, scored the highest in a recent poll when Swedes had their say on which ministers they like the best.
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Sweden's five biggest news stories of 2011
Analysis & Opinion: 29 Dec 11
As 2011 draws to a close, The Local looks back at some of the stories that dominated headlines in Sweden in the past year.
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Steep hike in immigrant unemployment
Politics: 26 Nov 11
More than one third of people registered as unemployed come from outside Sweden, according to a new unofficial report revealed by Dagens Nyheter.
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Swedish home loans in rapid rise
National: 20 Nov 11
Seemingly undeterred by the debt crisis, Swedish households are taking out more new loans than any other Europeans, according to a comparison of mortgages presented in Swedish media.
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LinkedIn launches Swedish language site
Business & Money: 9 Nov 11
Professional networking site LinkedIn on Wednesday launched a Swedish language version of their site in a bid to increase member activity in Sweden and further develop member services.
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Wall Street protesters march in Sweden
National: 16 Oct 11
Following a wave of Wall Street protests worldwide on Saturday, raised voices against corporate greed were also heard in Sweden, with demonstrations in Stockholm, Gothenburg, Malmö and several other cities.
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Moderates in decline: poll
Politics: 30 Sep 11
Sweden’s ruling Moderate Party has received the lowest poll results since the general election, according to fresh figures from research company Synovate.
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Juholt support at record low: poll
Politics: 28 Sep 11
Only 20 percent of Swedes today would choose Social Democrat leader Håkan Juholt as prime minister, while 59 percent would choose current prime minister Fredrik Reinfeldt, according to fresh figures.
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Borg: time to 'pressure' Italy and Greece
Business & Money: 8 Sep 11
Sweden's finance minister Anders Borg argued that more pressure needs to put on debt-laden Greece and Italy to improve their public finances amid growing concerns over debts carried by Europe's banks.
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Sweden slashes 2011 growth forecast
Politics: 26 Aug 11
Sweden's finance minister Anders Borg on Friday announced that the government had significantly lowered its growth forecast for 2011.
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'Reinfeldt unclear on terror': Ohly
Politics: 14 Aug 11
Resigning Left Party head Lars Ohly criticised prime minister Fredrik Reinfeldt in his traditional summer speech on Saturday, accusing Reinfeldt of holding a weak standpoint in the battle against racism, islamophobia, and xenophobia.
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US economy crisis causes Pajala panic
Business & Money: 12 Aug 11
The ongoing financial crisis in the US is causing growing concern in Pajala, in the North of Sweden, whose future is largely dependent on an iron mine due to be opened by an American company.
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Borg: growth forecast under revision
National: 11 Aug 11
Sweden's finance minister Anders Borg on Thursday warned that the government will need to revise down its strong economic growth expectations for 2012 due to the global financial market turbulence.
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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.
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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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Swedish banks pass EU stress test
Business & Money: 16 Jul 11
Ten banks in Sweden, Norway and Finland passed European Union stress tests, their financial regulators announced on Friday.
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Sweden slams EU budget proposal
Politics: 30 Jun 11
EU's budget proposal has been heavily criticised by Sweden, with one MP calling it "the most provocative budget in EU history".
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More Swedes having three kids: study
Society: 23 Jun 11
Since the 1990's it has become increasingly more common for Swedish families to choose to have a third child, a new study from Statistics Sweden shows.
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Manpower shortage leads to work permit delays
Business & Money: 8 Jun 11
Foreigners seeking Swedish work permits sometimes have to wait up to eight months as the Migration Board struggles to deal with a flood of applications following new rules governing labour migration.
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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.
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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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Saab abandons deal with China's Hawtai
Business & Money: 12 May 11
A deal between Saab owner Spyker Cars and China's Hawtai has been scrapped, according to Spyker, although discussions about possible collaboration continue.
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Loan loss fall boosts Handelsbanken profits
Business & Money: 27 Apr 11
Swedish bank Handelsbanken, the country's second largest by capitalisation, has posted a slight increase in profits on the back of a sharp fall in bad loan losses.
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Sweden's Borg eyes post-election exit
Politics: 25 Mar 11
Sweden’s finance minister Anders Borg has admitted to deriving little enjoyment from his work and says he is looking forward to becoming a “normal person” with a “normal job” after the next general election.
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Swedes working overtime at record levels
Business & Money: 18 Mar 11
As the economy continues to heat up, Swedes are working more overtime than ever before, with extra hours clocked in the sectors shooting up by more than 30 percent.
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Swedish unemployment falls to below 8 percent
Business & Money: 17 Mar 11
Sweden's unemployment rate dropped to 7.9 percent in February according to official statistics, as the rapid recovery from recession gathered pace.
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Minister: housewives threaten EU economy
Politics: 8 Mar 11
The EU's GDP could increase by almost 30 percent if more women in Europe worked, according to Sweden EU Minister Birgitta Ohlsson, who warned that "a Jurassic Park filled with old men" may be the alternative.
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Sweden boosts economic growth forecast
Business & Money: 4 Mar 11
Sweden hiked its 2011 economic growth forecast on Thursday, predicting a substantial drop in unemployment on the heels of upbeat economic statistics released earlier in the week.
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Riksbank head: financial crisis 'over' in Sweden
National: 3 Mar 11
The head of Sweden's central bank said on Thursday that the financial crisis is over, but warned about the potential risks associated with an increasingly strong krona.
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Corporate deals set to take off in Sweden in 2011: report
Business & Money: 28 Feb 11
Sweden is one of the hottest markets in the Nordic region for corporate mergers and acquisitions, according to a new report.
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Swedish housing 'bubble' about to burst: agency
Business & Money: 23 Feb 11
Sweden's National Housing Credit Guarantee Board has warned that spiralling household mortgage debt will dramatically impact house prices in the near future.
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Strike looms as Swedish bank union locks horns
Business & Money: 18 Feb 11
Talks have broken down between Sweden's Financial Sector Union and the banking industry association over wages and employment conditions, with the massive profits reported by the major banks in recent months coming into focus.
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Swedish success attracts Japanese attention
Business & Money: 17 Feb 11
Sweden’s remarkable recovery from the international financial crisis and the country’s robust economic climate has attracted a major Japanese newspaper to produce a special report on the secret of Sweden’s success.
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Skanska sales up, profits remain elusive
Business & Money: 10 Feb 11
Swedish construction and civil engineering giant Skanska on Thursday posted an increase in sales in the fourth quarter 2011, the first rise since the outbreak of the financial crisis, but full-year profits remained firmly in the red.
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Swedish CEO salaries 'unacceptable': union
Business & Money: 7 Feb 11
The CEOs of Sweden's 50 largest companies earn on average 40 times more than an industrial worker, a finding that a union organisation head believes is "totally unacceptable" and requires a "popular uprising" to remedy.
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Truckmaker Volvo drives back to profit in 2010
Business & Money: 4 Feb 11
Swedish heavy vehicles maker Volvo Group returned to profit in 2010, the company reported on Friday, despite a less-than-stellar fourth quarter.
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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.
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Clinton praise as Sweden woos Davos
Business & Money: 28 Jan 11
Sweden's prime minister Fredrik Reinfeldt will on Friday address the ongoing World Economic Forum in Davos to explain Sweden's relative economic prosperity as ex-US president Bill Clinton joined the chorus of admirers.
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Sweden 'strong like Pippi Longstocking': OECD
Business & Money: 20 Jan 11
The head of the OECD compared the strength of the Swedish economy to that of the popular Astrid Lindgren's character during a conference in Stockholm on Thursday.
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Swedes shy away from stock market: study
Business & Money: 19 Jan 11
The number of Swedes playing the stock market dropped in 2010, according to new statistics, while telecom firms Ericsson and TeliaSonera topped the list of Swedish firms with the most shareholders.
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'Financial crisis over in Sweden': Nordea
Business & Money: 19 Jan 11
The financial crisis is over in Sweden, Nordic financial services group Nordea declared in a report on Wednesday.
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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.
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Ikea reports profit boost for 2010
Business & Money: 14 Jan 11
Swedish furniture retailing giant Ikea reported a substantial leap in net profits in 2010 on Friday, due in part to significant sales gains in China, Russia and Portugal.
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New cash registers boost Swede hospitality sector
Business & Money: 8 Jan 11
Turnover in Sweden's hotel and restaurant industry increased sharply last year, as did bankruptcies, following the implementation of new certified cash registers on January 1st, 2010.
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Passing grade for Swedish jobs policy
Business & Money: 30 Nov 10
Even as unemployment in Sweden hovers around eight percent, a recent government study found no major faults with the country's current labour market policies.
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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.
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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
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Swedes' borrowing increases at record pace
Business & Money: 15 Nov 10
Swedish households increased their bank loans by 53 billion kronor ($7.72 billion) in the third quarter, the highest increase ever recorded for July to September, Statistics Sweden (SCB) reported on Monday.
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Sweden helps world's poor most: study
Politics: 12 Nov 10
Sweden has once again topped the rankings of a study evaluating countries with the world's best policies for benefiting the developing world.
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Sweden rises in business friendliness ranking
Business & Money: 5 Nov 10
Sweden has come in 14th in an ease of doing business ranking of countries issued by the World Bank, among the bottom performers of the Nordic countries, but an improvement from 18th last year.
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Saab owner Spyker cuts Saab 2010 sales forecast
Business & Money: 29 Oct 10
Saab automobile owner Spyker announced on Friday that it expects to sell 30,000 to 35,000 Saab cars this year, about 10,000 less than initially forecast.
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The failure of Sweden's Red-Green alliance
Analysis & Opinion: 27 Oct 10
The uneasy alliance between Sweden's Social Democrats, Greens, and Left Party was doomed from the start, argues Social Democratic politician and communications consultant Niklas Nordström.
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