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Once a European star, Sweden heads to vote with reform fatigue

STOCKHOLM (Reuters) – When Sweden’s leftist opposition leader, a former welder, visited a disused factory in an old industrial town on his campaign trail, it was not to lament a bygone era but to tour new luxury apartments selling at around $6,000 a square meter.

Stefan Lofven’s inspection of the results of this new housing in Eskilstuna, once the heart of Sweden’s industrial working class, shows leftist politicians are embracing the low taxes and cheap loans spawning such luxury developments.

Jun 16, 2014