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Britain lauds Sweden's 'tiger economy'

The Local/vt · 11 Feb 2011, 15:39

Published: 11 Feb 2011 15:39 GMT+01:00

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Osborne is in the process of rolling out the UK's most stringent cutbacks in state budgets in nearly 70 years and on Friday received the Swedish finance minister Anders Borg in his official residence at 11 Downing Street.

Labelling Sweden as Europe's "tiger economy", Osborne said that is studying how Sweden revamped its tax and welfare systems in the 1990s and dealt with the banking crisis and deep recession that plagued the country.

"Two generations, Anders' generation and the 1990s, have undertaken difficult decisions that have resulted in a fantastic Swedish economy...The country is a model for the rest of us," Osborne told the Swedish Dagens Nyheter's (DN) daily on Friday.

"We definitely look at Sweden and think that it is an impressive example of what one can do with its economic policies," he added.

Hundreds of thousands of public sector workers currently face the axe in the UK as the government aims to wipe out the second-largest deficit in the EU.

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Despite the stiff opposition he faces from both the opposition and the unions, who accuse the government's measures as too rapid and harsh, Osborne remains resolute in carrying them out.

"If we did not make these decisions, the situation would become catastrophic for the country. We would risk our credit rating, resulting in higher interest rates, and it would lead to worse consequences for the public sector," he said.

The Local/vt (news@thelocal.se)

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Your comments about this article

16:56 February 11, 2011 by Nemesis
"Tiger economy".

Where have I heard that before.

I remember now. Ireland.

The Local continues to print stories from the timeframe of 4 to 8 years ago in Ireland with all Irish terms replaced by Swedish terms and todays dates.
18:19 February 11, 2011 by miss79
"tiger economy"??lol..nice propaganda..
10:26 February 12, 2011 by corentin
How can 2 countries be in such different states?

Maybe it is related to the fact that Sweden has invested heavily in education, healthcare and infrastructure in the past decades.

UK is not following that path at all...

Maybe tax is not such a bad thing when the proceed are used to the people's benefit?
12:51 February 12, 2011 by Great Scott
Both the UK's and Sweden's village idiots meet, and then share each other's bullshit. One liar believing the others lies. I wonder if Sweden's liar is telling the UK's liar about how Sweden has such high unemployment amongst the under 25's, 25% to be correct. I also wonder if Sweden's liar is telling the UK's liar about how these young people are being sent to labour camps under the name of "Praktik".

Without getting paid young people are sent out doing various different tasks that others won't do, or they are being used as cheap labour by companies. I have heard about a 21 year old being sent to a caravan dealer and being told to wash caravans 5 days a week without being paid, and being told by the government that it is good for his education and keeps him on his toes.

So this so called tiger economy is run this way, when in fact it is no different than the Nazis labour camps.

This is Sweden's hidden national embarrassment.

So this really is Sweden's liar is telling the UK's liar how to get things done for nothing.
19:04 February 12, 2011 by JLondon
Its basically called BullShit.

Next thing will be a World Government waheeeey !:P
08:04 February 13, 2011 by philster61
Maybe it is related to the fact that Sweden has invested heavily in education, healthcare and infrastructure in the past decades.

at great expense to its citizens.But they really had no choice. What Sweden should have done was follow Norway's example and invested in North Sea Oil
10:25 February 13, 2011 by LuckotheeIrish1
First. I'm originally from America. Where let me tell you the economy is in a far worse shape.

Second. I have been here for over 2 years, I have a college degree and am studying swedish and have yet to find a job. It sucks, I hate it. But it's the reality of the situation for being a foreigner. That being said. At least I'm not worried about how am I going to pay my medical bills if I slip and fall on the ice. Or what happens if I need an operation. Or even, if I need to go back to school to help improve my odds of finding a job here...how am I going to pay for it.

I personally think praktiks are better than nothing. It gets your foot in the door. And if your young and unsure what you want to do, you can bounce around a bit until you find your footing. Which does a service to the employer and the employee. It's hard around the world for everyone to find work. No matter the age. That being said, when I finally secure full time employment, I will GLADLY pay the taxes needed to help sustain the system here. Because, as I have viewed and experience I believe the quality of life here is better for people on the general than the system in place in the states. Where you pay for everything! You pay taxes, you pay astronomical insurance rates, college tuition, etc. People here are stressed about less (in my opinion) because they don't have to start worrying at the age of 12 about how they are going to pay for college. I have no problem paying taxes if it is for the greater good of the people. If I know that my fellow human will be taken care of. Better that then lining congressman's pockets.

Also I wanted to say I find a lot of the commenters on here to be extremely negative people. You have a right to your opinion. But I ask this...if you are so miserable and disproving of life here in Sweden...then why do you stay? If life is so much better elsewhere, why not go there? I was unhappy with the system in the states, and realizing that trying to help change the system was like beating a dead horse...I just started over in a place that I felt was more my style. And I would gladly encourage others to follow.
04:48 February 14, 2011 by NoVaseline
@LuckotheeIrish1. Your right! i always wonder why ppl hate Sweden and they never leave the country. The overall life quality in the US is skit! There's no vaseline!
06:53 February 14, 2011 by rybo1
From another former American to "luck of the Irish". Well said and best wishes in getting a "fastjob". I also agree with you considering the "negative-naybobs" who frequent The Local.
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