Word: sweden
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Dates: during 2000-2009
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...upward momentum that seemed to dominate in the afternoon came because of the coordinated action between the central banks of the U.S. - which cut its rate half a point to 1.5% - the E.U., the U.K., Canada, Sweden and Switzerland, which all also cut their key lending rates. The decision, which came ahead of the Federal Reserve's scheduled meeting October 28-29 to debate a rate cut, was on the heels of consecutive drops in major market indices around the world and the belief that, thanks to falling commodity prices, inflation is no longer the markets' major problem...
...crisis of the last weeks. Investment banks and their CEOs and staff were hailed as heroes. Now they suddenly are the villains. The role of the media could also be on the balance sheet, now that it seems to be time for the big blame game. Roger Almeberg, HELSINGBORG, SWEDEN...
...private deposits - the largest such guarantee in history, according to one leading banking expert. The fact that Ireland had previously issued an even more sweeping guarantee hardly shielded Germany from criticism: as Europe's biggest economy, it sets a massive precedent. Indeed, since Merkel's announcement, Denmark, Sweden and Austria have taken steps to offer stronger guarantees to their depositors. Spain is reportedly considering a move to follow suit, and British politicians were in talks with banks on Monday night about a stopgap measure to inject government funds into selected institutions...
...competition authorities had already pledged to challenge as a competition-distorting measure. But with Germany, Europe's largest economy, reversing its stand and taking that same route Sunday, Austria said it would follow suit - making it the fourth E.U. nation to guarantee private savings, along with Greece. Denmark and Sweden also raised the limits on savings they would guarantee, and by Monday, even British Finance Minister Alistair Darling was giving signals that Britain too might swap its current $88,000-per-person savings guarantee for blanket protection...
...That was brought home to me at a World Economic Forum conference in China last weekend, when I found myself (these things happen) at dinner with three Swedish entrepreneurs. They were, as you would expect, fun, clever, technologically up to the minute. And I thought: What do Sweden and China have in common? Just this, perhaps: one already rich, one rapidly becoming richer, neither nation is in thrall to American verities on the ways in which societies should be organized...