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Borg: "Threaten to Take Over the Banks"

Published fredag 22 januari 2010 kl 15.48

Swedish Finance Minister Anders Borg is critical of American President Barack Obama’s approach to tougher regulations for banks.

Speaking to the TT news agency, Borg says the Swedish system, threatening to take over the banks, is much better.

While there is an American unwillingness to take over banks for political or ideological reasons, Borg, who as a conservative Moderate is on the right wing of the political spectrum, says if the bankers know they risk losing their banks, they will be more careful about taking risks.

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