Reinfeldt Defends Carnegie Takeover

Prime Minister Fredrik Reinfeldt has defended the takeover of Carnegie investment bank by the Swedish state in late 2008. Speaking before the standing committee on the constitution on Tuesday, Reinfeldt said that the government saw a takeover by the Swedish National Debt Office as the only possibility to save the ailing bank.

Morgan Johansson, Social Democratic member of the committee, confronted the Prime Minister with the argument that the takeover could have cost tax payers millions of kronor. But Reinfeldt pointed out that he expects that the Swedish tax payer will not be affected by the Carnegie deal at all.

The Swedish state sold the bank in the beginning of 2009.

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