• Sweden's news in English

Former Swedish minister joins Goldman Sachs

TT/The Local/pvs · 26 Jul 2011, 11:19

Published: 26 Jul 2011 11:19 GMT+02:00

Facebook Twitter Google+ reddit

Åsbrink, who served as finance minister from 1996-1999, will be employed to work with strategic guidance with business development opportunities in primarily Sweden and Scandinavia, according to a statement from the company.

Eric Åsbrink is the son of former Riksbank head Per Åsbrink.

He served as finance minister under two Social Democratic governments, led by Göran Persson and Ingvar Carlsson, and departed in 1999 following reports of a dispute with Persson.

The main point of conflict was widely reported to be the issue of a cap on pre-school fees. The so-called "maxtaxa" was presented by Göran Persson in the run up to the 1998 general election with several ministers kept in the dark about this costly reform.

Eric Åsbrink was informed the night before and the conflict with the prime minister never fully recovered.

Story continues below…

Since leaving the government, Åsbrink has been engaged as chairperson of the Swedish Budo & Martial Arts Federation (Svenska Budo & Kampsportsförbundet).

He is currently employed as chairperson of pensions firm Alecta and The Stockholm School of Economics (Handelshögskolan). He is also a member of the Swedish Fiscal Policy Council (Finanspolitiskarådet).

TT/The Local/pvs (news@thelocal.se)

Facebook Twitter Google+ reddit

Your comments about this article

13:55 July 26, 2011 by jackx123
LOL so a social democrat joins the cradle of capitalism
14:08 July 26, 2011 by Nemesis
That appointment clears up what the social democrats think of ordinary people and the social safety net in Sweden.
14:23 July 26, 2011 by rafa1981
If it wasn't clear who owns what now it is.

One of the most important news on the whole newspaper.


Everyday it passes I strongly believe that we live in a dictatorship with cool tags for bad sounding words.
19:01 July 26, 2011 by stillwatersrd
I saw the documentary 'Inside Job' last evening. Sweden was mentioned as country that joined others in favor of limiting executive compensation. That was after the financial bubble burst -before Asbrick's time. I'm guessing Asbrick does not share the same philosophy.

I'm so tired of the greed and arrogance of these bankers, these self-styled overlords of planet Earth. I'd like to give them a permanent wedgie.
22:14 July 26, 2011 by swedejane
Hold on to your wallet Sweden.
15:03 July 27, 2011 by Dearborn
He should use his financial skills to decrease taxes for the Swedes.
15:12 July 27, 2011 by McChatter
Another socialist with his snout in the trough! Oink, oink!
23:23 July 28, 2011 by Da Goat
Big Boys club piggie finds new trough!
13:27 July 29, 2011 by johnny1939
We Swedes are horrible hypocrites and it is being proved again!
Today's headlines
Prime Minister to meet Swedish troops in Iraq
Swedish Prime Minister Stefan Löfven and his Kurdish counterpart Nechervan Barzani. Photo: Henrik Montgomery/TT

Sweden's Prime Minister Löfven is set to meet Swedish troops in Iraq on Tuesday.

Swedish politicians wage war on winter time
Soon it will look like this on your way home from work in Sweden. Photo: Anders Wiklund/TT

Should Sweden stick with summer time all year round?

'Don't turn the Pope into a global teddy bear'
Sweden's Queen Silvia and Princess Leonore visiting Pope Francis in the Vatican last year. Photo: Henrik Montgomery/TT

It's time to hold the Pope to account and make sure he turns his words about reform into action, argues a minister of the Swedish Church ahead of Pope Francis' visit to Sweden.

Löfven: 'Sweden will double its number of troops in Iraq'
Stefan Löfven and Haider al-Abadi during the visit on Monday. Photo: Henrik Montgomery/TT

Swedish Prime Minister Stefan Löfven has promised to double his country's number of troops in Iraq following a meeting with Iraqi counterpart Haider al-Abadi on Monday.

Will Swedes soon be looking for fairtrade porn?
Should Swedes think fairtrade with porn? Photo: Karin Malmhav/SvD/TT

A fairtrade attitude to pornography would be beneficial, Sweden's health minister told The Local.

Presented by Stockholm University
Nordic fashion in focus at Stockholm University
Simon Paulin/imagebank.sweden.se

Nordic fashion took centre stage in the Swedish capital last week as Stockholm University hosted the “first-ever” academic conference looking at luxury and sustainability in the fashion industry.

Referee, coach and parents in Swedish youth football fight
File photo of a referee holding a red card not related to the story. Photo: Stefan Jerrevång/TT

A football dad broke his leg in the brawl in front of 11-year-old kids after a Hammarby youth football game.

Illicit abattoir kept more than 100 bulls' penises
A couple of young bulls not related to the story. Photo: Jonas Ekströmer/TT

Dried cattle genitalia, goats' heads and hundreds of litres of lard were just a few of the many strange finds discovered when police raided a property in Sweden.

This is officially Sweden's most beautiful beard
The most beautiful beard in Sweden. Photo: Memo Göcek

According to a jury of barbers and 'well known bearded profiles', that is.

Presented by Invest Stockholm
One expat's strategy for making friends in Stockholm

You might think it’s hard to make friends in a new city. But if at first you don’t succeed – try something else!

Sponsored Article
Last chance to vote absentee in the US elections
People-watching: October 21st-23rd
Sponsored Article
This is Malmö: Football capital of Sweden
Fury at plans that 'threaten the IB's survival' in Sweden
Analysis & Opinion
Are we just going to let half the country die?
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
Where is the Swedish music industry heading?
Angry elk chases Swede up a lamp post
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
Stockholm: creating solutions to global challenges
Swede punches clown that scared his grandmother
Sponsored Article
Swedish for programmers: 'It changed my life'
Fans throw flares and enter pitch in Swedish football riot
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
Top 7 tips to help you learn Swedish
Property of the week: Linnéstaden, Gothenburg
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Swedish school to build gender neutral changing room
People-watching: October 14th-16th
Sponsored Article
Stockholm: creating solutions to global challenges
Man in Sweden assaulted by clowns with broken bottle
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Nobel Prize 2016: Literature
Sponsored Article
Where is the Swedish music industry heading?
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Sponsored Article
One expat's strategy for making friends in Stockholm
Record numbers emigrating from Sweden
Sponsored Article
Nordic fashion in focus at Stockholm University
People-watching: October 12th
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
People-watching: October 7th-9th
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
Missing rune stone turns up in Sweden
Nobel Prize 2016: Chemistry
jobs available