Sweden: Rising household debt worries – Bo – Dagens Industri

Sweden: Rising household debt worries – Bo – Dagens Industri

Sweden: Rising household debt worries – Bo

                  2014-10-06 09:58
             

 (SIX) Swedish households' growing indebtedness worries the new  Red-Green government, which wants to see a broad agreement to  manage the debts. Amortization requirements is one possible measure  discussed, but no information has yet been provided as to when it may  be introduced.       "We have had a development for a long time where household debt  has increased over time in comparison with the income, for example. "  It says Per Bo, new Minister for Financial Markets, in an interview with  Echo on Monday.       "What we must do is to ensure that this development is not  continues. Would it continue to grow with such indebtedness  increases the risk that there will be financial instability in Sweden. It is  something that I will work extremely hard to avoid, "  he continues.       Bo says that measures need to be introduced but would not go into  the individual measures that may be relevant. However, it is important to  proceed carefully to reduce  debt.       "We have seen examples of other countries where they have taken for the unwary  step and actually triggered instability. That we will not do  somehow, "says Per Bo.      Erik Palmung, phone +46 31 350 64 86  mailto: erik.palmung@six-group.se  www.blogg.six.seSIXNews  SIX News