At the same time, Swedish parliamentarians not attending the council session but here at home are looking at the Swedish center-right government’s financial package aimed at bringing stability to the financial situation here at home.
The parliament is expected to approve the package in the next few days.
Meanwhile, one of Sweden major banks Swedbank says it will make a new emission of shares valued at over 1 and half thousand million US dollars for badly needed capital.
Another Swedish bank, Carnegie, is to be granted a loan of 740 million US. dollars from the national bank here so that it can pays its bills.
On the troubled automobile front, rumors predict a possible sale of the American-owned Volvo car company to the Germany’s BMW. Volvo has announced a series of major lay-offs here in Sweden because of falling sales both in Europe and in the U.S..