Think it has anything to being overrun by Muslims?
a 50 year mortgage without touching the principle? I call that ‘renting’.
Sweden is a socialist country and is quickly running out of other people’s money.
Where the excerpt ended and where I stopped reading.
I thought Sweden was a paradise.
“Sweden’s centre-right government has asked regulators to come up with a plan to force repayment schedules. It has set a November deadline - which if opinion polls are right will be two months after it loses power to a centre-left opposition.
The Social Democrats have not laid out plans on the matter...”
LOL! Isn’t democracy grand?
Good article.
I thought Sweden was the socialist utopia America was aiming for. Everything is perfect there. Education is free. Health care is free. I KNOW!!! Sweden needs to import more third world immigrants who refuse to adopt their host country’s culture and lavish welfare benefits on them.
Yes, of course. If Swedish companies continue performing like they've done recently (look at H&M, IKEA, Skype, Ericsson, Volvo, Electrolux - just to mention a few) people in Sweden will be able to pay their hefty loans. It, actually, is that simple. As long as workers are highly productive and earn well, they can borrow a lot as well as consuming a lot.
Today, the economy of Sweden is sound. That was not the case 25 years ago when my country discouraged Capitalism and entrepreneurship.