Euro Area

[fret]

So are you suggesting that Swedes are destroying their economy compared to US?

Nothing to do with % GDP to Govt. spending ratio, but the Swedes did destroy their ecomony in the early 90's, pretty badly.

Dodgy speculative bank and stock practices and a housing bubble if I recall correct.

Hmmm, Im starting to see a pattern emerge here, I wonder if there could be a connection... :D

[Furunculus]

Nothing to do with % GDP to Govt. spending ratio, but the Swedes did destroy their ecomony in the early 90's, pretty badly.

Dodgy speculative bank and stock practices and a housing bubble if I recall correct.

Hmmm, Im starting to see a pattern emerge here, I wonder if there could be a connection... :D

not to mention that the swedish economy is greatly liberalised compared to where it was before the crash, and that they now spend around 45% of GDP (and declining) rather than the 55% of GDP in the pre-crash days.

http://www.spectator.co.uk/essays/77...t-recipe.thtml