Reinfeldt’s handling of banking crisis under fire

Former Social Democratic Prime Minister Ingvar Carlsson has criticized current Prime Minister Fredrik Reinfeldt and his centre-right government for its management of the current banking crisis.

Carlsson believes the current crisis is worse than Sweden’s 1992 banking crisis and that the government’s falling poll numbers have reduced its legitimacy.

“Mental preparation for cooperation across party lines must be created,” writes Carlsson in an article in Dagens Nyheter.

He believes that Reinfeldt hasn’t realized the seriousness of the situation, and points to comments by the Prime Minister that overtures toward the Social Democrats could be used as ammunition for party politics.

Carlsson also rejects the government’s programme to combat unemployment as “ineffective”.

He feels the government should instead “admit its mistakes in tearing apart unemployment insurance”.

Carlsson adds that Social Democratic leader Mona Sahlin has “unique experience” which “makes her well-prepared for times like these”.