Sweden

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The Dutch press today reports that Sweden is in trouble financially:


* Sweden presents financial bailout plan

The Swedish government today presented a series of financial measures to help its banking sector if the country's banks come under more pressure from the global credit crisis. Sweden's finance minister says the measures provide the government with the means to solve liquidity shortages or potential solvency problems in the future. Stockholm's 152.2 billion euros plan allows banks and financial institutions with liquidity problems to apply from loans from the 'guarantee programme'. The loans are tied to specific conditions, including a restriction on management bonuses, raises and golden handshakes. In addition, Stockholm also set up a 1.5 billion euro stability fund to help banks facing insolvency. Sweden is the latest European country to unveil a financial bailout package.
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The Swedish are known among their Nordic neighbors as being extremely conceited and over confident. Having know many Swedes while I was living in Europe I would say that in general this is an accurate characterization.
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Couldn’t happen to nicer people. Arrogant bastards.
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