Jimmie Aakesson , the leader of Sweden’s anti-immigrant party, had the makeup lounge all to himself before an election-night television appearance. The reason was that a rival party head refused even to be in the same room.
German economic growth will fail to pick up next year as the euro region’s sovereign debt crisis saps demand for German exports, the government’s council of economic advisers said in its annual report.
Sweden is enjoying its lowest borrowing cost ever relative to Germany as investors reward the biggest Scandinavian economy for cutting its debt to less than half Europe’s average and enforcing discipline at its banks. See: FIFW NSN LVJI3207SXKX <GO>
Sweden needs to reduce its number of state pension funds to lower costs and improve returns on about $131 billion in assets being managed for the Nordic nation’s retirees, a government-appointed committee said.