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The Swedish National Audit Office issues report

Agency criticizes bank bailout stability fund

Published måndag 31 oktober 2011 kl 16.03
"The fund is actually not a fund"
(3:38 min)

Sweden was praised when it created a bank stability fund in 2009 that was going to make Swedish banks pay for their own bailout, if they ever needed it. But now a well-respected government audit agency, the Swedish National Audit Office, says that if banks needed a bailout, the Swedish taxpayers would pay for it. Radio Sweden spoke to Thomas Hagberg,  an audit director at the Swedish National Audit Office. He's the project leader for this report on the Swedish stability fund that the agency sent to Parliament today.

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