Olle Wästberg, Director General of the Swedish Institute reveals how the Swedish Banking Crisis of 1992 was resolved

Olle Wästberg, Director General of the Swedish Institute reveals some insights -garnered from his inside track in the early 1990s- into the bone-shaking Swedish banking crisis and its eventual resolution. This article appeared in the Swedish English Language Newspaper-The Local . Here is a brief excerpt.

“....Nowadays when international newspapers and magazines write about “the Swedish model,” they allude to the way Sweden managed the financial crisis in the beginning of the 1990s.Back then, the banking crisis was handled by the then Minister of Fiscal and Financial Affairs Bo Lundgren (now Director General of the Swedish National Debt Office), his State Secretary Urban Bäckström (now Director General of the Confederation of Swedish Enterprise) and the leading civil servant in the field Stefan Ingves (now Chairman of the Riksbank)........

Hopefully Irish policy makers will learn from the Swedish experience. The full article may be accessed here