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economy

Sweden in on new EU bail-out fund

Published fredag 29 oktober 2010 kl 20.21
Swedish prime minister Reinfeldt (right) with Danish prime minister Lars Rasmussen (second from left) at the Brussels meeting

Sweden is to be one of the countries contributing to a new EU fund, to support countries that are in deep financial trouble, reports news agency TT.

A top level meeting in Brussels has seen prime minister Fredrik Reinfeldt support many of the proposals put forward by Germany's chancellor, Angela Merkel.

These proposals will also involve tightening up the budgets of countries that are on the brink of financial collapse - but Reinfeldt says that it is unlikely that such countries will actually lose voting rights, as the German chancellor proposes.

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