STOCKHOLM (Reuters) – Sweden is “driving on the edge of a cliff” its former finance minister Anders Borg said on Tuesday, calling on the central bank to cut rates further and consider currency intervention to stave off the threat of deflation.
The Riksbank cut rates into negative territory for the first time in February as concerns grew that AAA-rated economy ran the risk of Japan-style deflation.
STOCKHOLM, March 15 (Reuters) – In a few months, Sweden’s
minority government has managed to antagonise both Israel and
the Arab world, while also angering business leaders at home as
Foreign Minister Margot Wallstrom steadfastly pursues human
rights and feminism.
Wallstrom’s agenda, and the criticism it has drawn, has
exposed a struggle over Sweden’s identity and whether it should
become what some politicians call a “moral great power”, or
prioritise security and an export-led economy.
RIGA (Reuters) – EU foreign ministers showed little appetite on Saturday for stepping up pressure on Russia over Ukraine, preferring to give a fragile ceasefire a chance before deciding whether to apply more sanctions or even to extend existing ones.
Most ministers at an EU meeting in the Latvian capital pinned their hopes on the latest Minsk agreement succeeding and said the EU should only consider tightening sanctions if the ceasefire was seriously violated, such as by a separatist offensive on the Ukrainian port of Mariupol.
RIGA (Reuters) – The European Union is discussing with the United Nations ways to bolster security in Libya, including a naval presence, if U.N.-backed peace talks lead to a settlement, the EU’s foreign policy head said on Saturday.
Libya’s warring factions had held talks on Thursday in an effort to end a conflict between two rival governments that threatens to drive the country into full-blown civil war.
RIGA (Reuters) – Steps to bolster a fragile ceasefire in eastern Ukraine gathered momentum on Friday as support within the European Union for more economic sanctions¨on Russia appeared to wane.
Russia and Ukraine have agreed to double the number of ceasefire monitors from the Organization for Security and Co-operation in Europe (OSCE) to 1,000 from 500, German Foreign Minister Frank-Walter Steinmeier said.
RIGA (Reuters) – The European Union might send a team to Libya to monitor a ceasefire or to protect infrastructure if United Nations-backed peace talks lead to a settlement between contending factions, the EU’s head of foreign policy said on Friday.
“We have started discussing possible EU contributions …
to supporting any possible agreement,” Federica Mogherini told a news conference in the Latvian capital of Riga after talks among EU foreign ministers.
RIGA (Reuters) – The European Union is ready to step up sanctions on Russia over the Ukraine conflict, but its priority is to bolster a fragile ceasefire agreed in Minsk, EU foreign policy chief Federica Mogherini said on Friday.
Mogherini, attending a meeting of EU foreign ministers in Latvia, said the need now was to strengthen ceasefire monitors from the Organization for Security and Co-operation in Europe (OSCE), a rights and security watchdog.
STOCKHOLM/REYKJAVIK, Feb 12 (Reuters) – Iceland’s Supreme
Court has upheld convictions of market manipulation for four
former executives of the failed Kaupthing bank in a landmark
case that the country’s special prosecutor said showed it was
possible to crack down on fraudulent bankers.
Hreidar Mar Sigurdsson, Kaupthing’s former chief executive,
former chairman Sigurdur Einarsson, former CEO of Kaupthing
Luxembourg Magnus Gudmundsson, and Olafur Olafsson, the bank’s
second largest shareholder at the time, were all sentenced on
Thursday to between four and five and a half years.