What We Can Learn From Sweden
June 21, 2008 / Bruce Stokes
National Journal
In the early 1990s, Sweden experienced the worst financial crisis suffered by any industrial country since the Depression. The Swedish banking collapse wiped out fortunes, cost taxpayers a staggering amount of money, and may have permanently reduced the country’s standard of living. Thus, as Washington watches Wall Street’s slow-motion meltdown, Stockholm may have much to teach the next president about weathering banking tsunamis.



