Sweden: No to government guarantees

DLA Nordic, Stockholm | February 01, 2009

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To further mitigate the negative effects of the current financial crisis on Swedish households and businesses, the Swedish government has proposed an extensive plan to ensure the stability of the financial system. Part of this has been to present an act on public support to financial institutions.

Fundamental features of the enactment, and various governmental guidelines are that a guarantee programme is introduced of up to SKr1,500 billion...



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