Sweden edition

Financial_crisis

The following articles have been tagged with "Financial_crisis":

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. READ »

'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. READ »

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. READ »

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. READ »

'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. READ »

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. READ »

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. READ »

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. READ »

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). READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

'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. READ »

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. READ »

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. READ »

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 »

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. READ »

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. READ »

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". READ »

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. READ »

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. 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 »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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 »

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. READ »

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. READ »

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. READ »

'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. 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 »

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. READ »

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. READ »

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. 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 »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

Malmö gunman keeps city on edge

Analysis & Opinion: 22 Oct 10
As Malmö police warn the immigrant residents to exercise caution after a spate of apparently random shootings, The Local's Peter Vinthagen Simpson talks to local leaders about fear, caution and how residents are reacting to the situation. READ »

Ericsson shares jump on profits boost

Business & Money: 22 Oct 10
Swedish telecom firm Ericsson on Friday reported a net profit of 3.68 billion kronor ($553 million) in the third quarter, with its shares leaping 6 percent as a result in early trading. READ »

Swedes working in China doubles in five years

Business & Money: 15 Oct 10
The number of Swedish employees working in China has doubled in the last five years, according to a issued by a leading Swedish engineering industry group. READ »

Artists' take on Sweden at the Moderna Museet

Lifestyle: 15 Oct 10
Every four years, Stockholm’s Moderna Museet presents a sampling of what's new in Swedish contemporary art. Contributor Jennifer Lindblad takes a look at this year's exhibit, which opened October 2nd. READ »

Swedish apartment construction takes off

Business & Money: 13 Oct 10
Construction of new apartments in Sweden is approaching levels not seen since the height of the mid-2000s boom, with industry groups forecasting a need for thousands of new workers as a result. READ »

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. READ »

Swedish papers praise Peace Prize winner Liu

National: 9 Oct 10
Swedish newspapers praised the choice of Liu Xiaobo as this year's Nobel Peace Prize laureate, saying that as China's role in the world grows, it is important to continue to put oneself on the line to criticise the lack of freedom of expression. READ »

Live Blog: parliament opens

Politics: 5 Oct 10
Another eventful day in Swedish politics has come to a close with Fredrik Reinfeldt having presented his new government, the Sweden Democrats having added a little colour and outraged drama, and the king having calmly reminded the Riksdag of its role as a bastion of Swedish democracy. READ »

Sweden leads Nordic youth unemployment

Business & Money: 2 Oct 10
While youth unemployment has increased in all of the Nordic countries, it is highest in Sweden at 29 percent, according to a new report from the Nordic Council of Ministers. READ »

Saab deal puts BMW engines under the hood

Business & Money: 29 Sep 10
Germany’s BMW will supply engines to Swedish automaker Saab starting in 2012, the company announced on Wednesday. READ »

Sweden's GDP continues growth in second quarter

Business & Money: 22 Sep 10
Sweden's GDP continued its strong development in many areas in the second quarter, rising 4.6 percent in seasonally adjusted figures compared to the same quarter last year, Statistics Sweden reported on Wednesday. READ »

Economy trumps welfare worries in tight Swedish election

Analysis & Opinion: 21 Sep 10
With the final results hinging on a few thousand advance ballots, the 2010 elections marked a major shift in Swedish politics, while at the same time showing the power of a strong economy, writes contributor Roger Choate. READ »

Sweden's Folksam in deal for part of Kaupthing

Business & Money: 20 Sep 10
A consortium that includes Swedish insurance group Folksam said on Monday that will pay nearly $900 million to buy the Danish investment banking business of failed Iceland bank Kaupthing. READ »

Live Blog: election night in Sweden

Politics: 20 Sep 10
The Local's correspondents bring you all the latest news from the Swedish election, live from the main parties' headquarters in Stockholm. See the drama unfold live here. READ »

Dramatic election set to make Swedish history

Analysis & Opinion: 17 Sep 10
With polls showing Swedish voters set to re-elect a centre-right government for the first time in decades and the far-right possibly holding the balance of power, Sweden's September 19th election has no shortage of drama, explains the AFP's Nina Larson. READ »

Sweden's unemployment rate drops to 7.4 percent

Business & Money: 16 Sep 10
Sweden's unemployment rate dropped to 7.4 percent in August from 8 percent the previous month, Statistics Sweden announced on Thursday, ahead of general elections on Sunday focussing on the economy and jobs. READ »

Swedish entrepreneur launches first Social Exchange: Introducing Social Networking 2.0

Business & Money: 15 Sep 10
Sponsored article: Swedish internet visionary and serial entrepreneur Johan Staël von Holstein is back, this time with MyCube, which he calls 'the social exchange,' where privacy, ownership and control are the foundations that enable more valuable and meaningful online interactions. READ »

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. READ »

Parties court pensioner votes in tight election

Analysis & Opinion: 8 Sep 10
As strikes ripple across debt-ridden Europe over pension reforms, the two coalitions battling it out in Sweden's close upcoming elections on September 19th are courting elderly voters, who may end up holding the balance, writes AFP's Rita Devlin Marier. READ »

Berlitz provides the language boost for your career

Education: 7 Sep 10
Although Valérie Frohly had learned another Scandinavian language before moving to Stockholm, the French expat turned to Berlitz to help her further her career in an almost exclusively Swedish-speaking work environment. READ »

Introducing the Alliance

Analysis & Opinion: 6 Sep 10
Here's a look at the centre-right Alliance, which is looking to win another term as Sweden's ruling coalition. READ »

Profits soar for Sweden's state-owned companies

Business & Money: 3 Sep 10
Sweden’s state owned companies are set to earn record-breaking profits this year, although not every company has had a stellar 2010. READ »

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 »

Swedish unemployment drops in July

Business & Money: 26 Aug 10
Unemployment in Sweden dropped significantly in July to 8 percent from 9.5 percent in the previous month, Statistics Sweden reported on Thursday. READ »

Foreign tourists boost Swedish retail sales

Business & Money: 25 Aug 10
Last year was a bumper year for tourism in Sweden, with foreign tourists spending more money in Sweden than Swedish tourists spent overseas, according from retail group Svensk Handel. READ »

Nordea CEO: Let banks fail

Business & Money: 24 Aug 10
Christian Clausen, the CEO of Nordic banking group Nordea has spoken out against state bail outs of troubled banks, arguing that they should be allowed to fold. READ »

Sahlin slams Reinfeldt's tax cut pledge

Politics: 15 Aug 10
Social Democrat leader Mona Sahlin launched a scathing attack on Sunday against Moderate Party plans to continue cutting income taxes if they remain in power after the September 19th election. READ »

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. READ »

Swedes expect fall in jobless total

Business & Money: 6 Aug 10
Most Swedes expect unemployment to fall in the coming year, according to a new poll. But those who work in the public sector expect to see job cuts in their own workplaces. READ »

Absentee voting begins in Swedish elections

Politics: 6 Aug 10
Absentee voting began in the September 19th Swedish general election on Thursday in what is expected to be a tight race centred on the economy, unemployment and welfare. READ »

Unemployment jumps to 9.5 percent in June

Business & Money: 5 Aug 10
Unemployment in Sweden climbed to 9.5 percent of the workforce in June, from 8.8 percent in May but remained down on last year, new figures showed on Thursday. READ »

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. READ »

Swedish banks pass EU stress test

Business & Money: 24 Jul 10
Sweden's four main banks are well equipped to withstand the fallout from a financial crisis, according to the results of stress tests carried out on banks in the European Union. READ »

Krona continues to strengthen

Business & Money: 13 Jul 10
The Swedish krona could soon hit its strongest level against the word’s major currencies since the collapse of Lehman Brothers, almost two years ago. READ »

SEB 'has turned the page' in Baltics

Business & Money: 13 Jul 10
Sweden's SEB bank on Tuesday posted higher-than-expected second quarter profits and said it had "turned the page" in the Baltic countries. READ »

SEB sells German retail banking operation

Business & Money: 12 Jul 10
Swedish bank SEB announced on Monday that it has signed a €555 million euros ($698 million) agreement to sell its German retail banking business to Spanish bank Santander. READ »

Sweden posts gains in industrial output

Business & Money: 9 Jul 10
Sweden reported significant gains in industrial output in May, mirroring improvements elsewhere in Europe, according to new figures released on Friday. READ »

Swedes pay less tax than the Danes

Business & Money: 29 Jun 10
Danes pay the highest level of tax in the EU, measured as a tax-to-GDP ratio, pushing Sweden into second place with a a tax take of 47.1 percent, new statistics show. READ »

More Swedes excluded from job market

Business & Money: 24 Jun 10
The government has failed to achieve its main goal of reducing the number of people who are inactive in the job market. New statistics show that their numbers have swelled by 6,500 in the last four years. 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 »

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