credit crunch

Local authorities demand state help

Many Swedes could lose their jobs if the state doesn’t offer financial aid to local authorities. 

Having repeatedly asked the government for a crisis package to meet the recession the the Swedish Association of Local Authorities and Regions say that there could be as many as 20 000 jobs at stake if the government won’t help.

The estimated contribution needed from the state is 1.4 billion US dollars this year and next, according to the National Institute of Economic Research. So far, the government has delayed the decision, but as Sweden is now feeling the credit crunch - this may change in the near future.

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