US citizens living in Sweden, as well as Swedish financial institutions, are grappling with the effects of a recent crackdown by US tax authorities that has left many US expats facing massive penalties, contributor Judi Lembke discovers.
Europe's financial sector is set for a decade of reform that will result in a much smaller but more socially useful industry, Swedish finance minister Anders Borg said Wednesday.
Swedish finance minister Anders Borg, known for lecturing Swedes about the dangers of borrowing too much money, has a mortgage worth more than the value of his home, according to new investigation.
The Stockholm stock exchange was down 6.2 percent on Thursday afternoon when trading closed, making the drop the steepest since November 2008. A broad fall among other European stock markets means fears of a recession are mounting.
Swedish Finance Minister Anders Borg said Tuesday the Scandinavian country was putting in place measures to protect its finance and banking sectors from being sucked into the European debt crisis.
The Stockholm stock exchange plunged on Wednesday as global markets tumbled on fears of Greek debt and the risk of a downgrading of France's credit rating.
Swedish finance minister Anders Borg attempted to reassure worried investors in the wake of stock market drops across Europe on Friday, but admitted that financial markets remained "turbulent".
Sweden could lend Ireland, which is negotiating a debt rescue deal, up to 10 billion kronor ($1.46 billion), Swedish Finance Minister Anders Borg said Monday.
Two men at the centre of Sweden’s biggest ever insider trading case have been sentenced to two years in jail for tax crimes, but have been cleared on the main charges of insider trading.
The cold winter in Sweden has left every fifth household struggling to pay their electricity bills, according to a new survey published in the Dagens Industri daily.
Sweden’s finance minister Anders Borg said on Wednesday that the EU was closer to a agreeing to a new set of measures for policing banks and financial institutions across national borders.
Swedish finance minister Anders Borg said on Tuesday that delicate negotiations to create new cross-border financial supervisory bodies to oversee banks in the European Union were at a "make-or-break" point.
Sweden's unemployment will climb above 11 percent, according to the 2010 budget bill presented by the government to the Riksdag on Monday, requiring measures focused on job creation and jump-starting growth.
Despite a projected budget deficit of 3 billion kronor ($379 million) for 2009, Sweden’s county and local governments shouldn’t expect any more money from the state.
The beleaguered Swedish currency continued its recovery on Monday as the cost of the euro slipped under 11 kronor to 10.99 kronor for the first time since mid-February.
Sweden’s plan to stimulate lending by offering the country's banks up to 50 billion kronor ($6.0 billion) gained approval from the European Commission on Wednesday.
<b>With the Swedish currency foundering in a deepening economic crisis, Jonathan Ward wonders if Sweden should reconsider its decision to shun the euro.</b>
