The Bambi-eyed Swedish Prime Minister Fredrik Reinfeldt thinks Swedish stimulus would be a blunt weapon.The Swedish premier has been criticizing the US Stimulus packet while he has rejected demands that Sweden do their part to stimulate the economy.
Prime minister Fredrik Reinfeldt said a few weeks back:
"They want us to believe that increasing public expenses is a magic cure while no such magic cure exists. We reject demands on government-financed stimulus that will ruin our national economy. National stimuli is a blunt instrument that will not create so many jobs."
Yet the Industry minister Maud Olofsson proclaimed today, as she was commenting jobs cut at Volvo: “We just have to wait and see what effect the stimulus packets in Europe and the US will have. We should see increased demand as the planned infrastructure projects get started.”
It seems that Sweden has chosen to winter the recession by sitting on a high horse and criticizing the rest of the world. They are quick to point out the mistakes made by the civilized nations who stand for the sacrifices, and who bleed to save the global economy. Yet the Swedes already stand with their tongues sticking out, ready to suck up the benefits from the sacrifices made by everyone else.
If you think it sounds a lot like WWII, it's because it does.
The Swedish Industry Minister Maud Olofsson expects the US Stimulus packet to be a magic cure for Volvo!
The sad thing is that this is just so typically swedish it is to be expected.
ReplyDeleteHow do you say 'Parasite' in swedish?
ReplyDeletesweden kills the paper industry in europe and USA therefore sweden will loose the saabs and volvos. those cars suck anyway underpowered and sweden steel is not what it used to be.
ReplyDeleteParasite = Parasit in Swedish...
ReplyDeleteYes the Krona is very low at the moment - even though it has gone up a bit lately.
It is not only benefits though - for all us "normal swedes" - we have to pay more for food, electronics, cars etc
Saab is hanging loose, Volvo will probably survive - however a lot of Volvo models is manufactrued abroad, and especially parts for the cars - so Volvo PV doesnt really benefit that much on the low currenct.
Scania and Volvo Lb benefits more from it...
/K