Sweden: a good example how to avoid debt crisis

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Source: Bloomberg
© Scanpix/

According to PM Fredrik Reinfeldt, Sweden's effort to impose strict requirements on financial institutions has resulted in tax payer protection and has helped to circumvent debt crisis. He told that in 2006 Sweden and UK had similar ratio of domestic debt to GDP.  However at the moment, UK's ratio has doubled while Sweden is below 40%. Reinfeldt claims Swedish success is the result of transparency and variety of fees in financial system.

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Thu, 10 Nov 2011 16:22:17 GMT

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