Riksbank: Will go back a few years when interest rates rise – Swedbank CEO – Dagens Industri

Riksbank: Will go back a few years when interest rates rise – Swedbank CEO

                  2015-06-30 17:12
             

 STOCKHOLM (SIX), the Riksbank will in a few years when interest rates rise  to go back on the bonds authority is now buying at low  interest rates and thus at high prices, predicts Swedbank CEO Michael  Wolf.       At some point, interest rates will go up, which means sinking  bond prices, and when the Riksbank will make losses and  need to get the deficit covered, according to Michael Wolf.       "The response we have in a few years", says Swedbank manager is critical  to the very expansionary monetary policy that the Riksbank among  another negative repo. He says that doping export companies and  sends the signal that they do not need to try especially hard.       It emerged at a seminar on less interest organized by  Affärsvärlden and Deloitte during Almedalsveckan.       Several of the panelists were skeptical that the Riksbank sounds  the repo rate lie in negative territory.       Rikard Josefsson, President of Länsförsäkringar  Bank, fears that cheap  Money means that people take a risk and that a bubble is being built  somewhere in the economic system.       Gunther Marder, president of the association Entrepreneurs, believes  that the money does not arrive to small businesses. The increased capital requirements  on the banks hit harder than the possibility of negative interest rate offers,  he argues.       Agnetha Jönsson, chief editor of the newspaper Aktiespararen, consider  that although it is good that the crown thanks to the expansive  monetary policy has strengthened against the euro, something that is good for  export companies. But companies have not had much lower  interest, she says, adding that negative interest rates also inhibits  willingness to invest by signaling uncertainty.       "Therefore, I think it was pretty pointless to go down so  far, "she says.       The Riksbank's repo rate is currently at 0.25 percent. They  Most analysts believe that it is  left unchanged there at the  monetary policy announcement later this week, according to SIX News  analyst survey.      Johan Lind, Tel: +46 8586164 48  mailto: johan.lind@six-group.se  www.blogg.six.seSIXNews  SIX News 

Swedish receive 150 million by ex-boss – Vasterbotten Courier

A 25-year-old Swedish woman who sued her former boss at seven billion kronor ($ 850 million) in the USA, will receive the equivalent of SEK 150 million. It struck the jury in the federal court in New York, though.

The man, who owns a Wall Street firms, has used his position of power to force her to have sex with him. The man will then have dismissed 25-year-old when she informed him that it would not happen again and that she had a boyfriend.

After that started the entrepreneur a smear campaign on the Internet where he among other things wrote that the woman was a prostitute and took drugs. He should also have sought her in Sweden.

– The message was “wherever you are, whatever you do, I will find you and I will get you,” said the woman attorney.

Toll free to use the cell phone in the EU in 2017 – Daily News

     
     
     
 
 
     
 

     Published today, 10:39
     
 

 
     
     
     
     

         

             
 

     
     
 

 
         

         

                 

The abolition of roaming charges within the EU pushed as expected in the future. But 2017 phones work throughout the Union without additional charges.

                 
             

                         
         
         
         
 
         
         

             
                 
                 

                     

 

The abolition of roaming charges within the EU pushed as expected in the future. But 2017 phones work throughout the Union without additional charges.

On 15 June 2017, all the extra charges for using mobile phones abroad be gone in the EU. Roaming charges on calls, SMS and data shall then be entirely abolished.

This was announced by the parties after twelve hours of negotiations, which lasted well into the night on Tuesday.

 
        
             

     
                  Ad:
     
                 
                 
                     

     
     
 

– This is a great success for the EU and the Latvian presidency, said Mr Anrijs MATĪSS, Latvia’s Transport Minister.

But the issue has divided the EU. Both the EU -parlamentet and the Commission has previously embraced a plan that would abolish roaming charges in December 2015 some member states turned to.

Among other things, described the Swedish IT Minister Mehmet Kaplan, the rapid abolition unrealistic.

– It sounds good, but so far no one managed to answer how free roaming will be achieved, he said to DN earlier this year, when negotiations are still in progress.

A step towards lower Prices is already next spring. From April 2016, operators may not charge more than five euro cents, or 46 cents, per call minute or megabyte of mobile data. For every sms get two cents, 18 cents, added when the cell phone is used abroad. These prices are excluding VAT.

The decision contains some reservations. Although no additional charges will apply when a Swedish mobile is used in another EU country will not be possible to permanently employ a foreign, cheaper subscriptions.

EU Commission describes it as abuse, but it remains To see exactly how the rules should be designed.

 

                     

                
         

         
         
     
 
         
         
 
 
 
 
 
 
         
     

Roaming charges will disappear in 2017 – Vasabladet

The EU voted today in favor of a proposal which means that mobile operators’ roaming charges abolished in June 2017.

The European Commission, the European Parliament and the Council have today reached an agreement on legislation that sets an end to the levying of charges for the use of cell phones and smart phones abroad, ie roaming charges in the EU.

For nearly two years ago, the Commission adopted a draft bill for the telecommunications sector in the common market.

The Commission, Parliament and Council reached today, after lengthy negotiations, a compromise solution in the case.

It thus becomes cheaper calling and surfing abroad from June 2017. Within the EU area paying travelers who use mobile phones and smart phones the same price as in their home countries, without any additional charges.

Also, net neutrality get strict rules that protect the right of every European to non-discriminatory access to online content.

Roaming charges will be abolished in the EU in 2017 – Hufvudstadsbladet

The same data charges will apply throughout the EU as of June 2017. Photo: Mostphotos.

The fees collected for the use of mobile phone in another EU country will be abolished in June 2017.
 

The European Commission, the European Parliament and the Council of Europe decided on Tuesday that the man may not collect fees for visits to the telephone network in the EU.

From June 2017 paying subscribers as much for telephony and data services in other EU countries in their own country.

Swedish receive 150 million by ex-boss – Dagens Industri

Swedish receive 150 million by ex-manager

                  2015-06-30 04:15
             

A 25-year-old Swedish woman who sued her former boss at seven billion kronor ($ 850 million) in the USA, will receive the equivalent of SEK 150 million. It struck the jury in the federal court in New York, though.

The man, who owns a Wall Street firms, has used his position of power to force her to have sex with him. The man will then have dismissed 25-year-old when she informed him that it would not happen again and that she had a boyfriend.

After that started the entrepreneur a smear campaign on the Internet where he among other things wrote that the woman was a prostitute and took drugs. He should also have sought her in Sweden.

The message was “wherever you are, whatever you do, I will find you and I will get you,” said the woman’s lawyer.

Swedish match as manager of billions – Dagens Industri

Swedish match as manager of billions

                  2015-06-28 21:03
             

A 25-year-old Swedish woman has sued his former manager at seven billion kronor ($ 850 million) in the United States. The jury in the federal court in New York has now begun its deliberations.

According to the woman to the man, who owns a Wall Street firms, have used their position of power to force her to have sex with him. The man will then have dismissed 25-year-old when she informed him that it would not happen again.

After the entrepreneur started a smear campaign on the Internet where he among other things wrote that the woman was a prostitute and took drugs. He should also have sought her in Sweden.

The message was “wherever you are, whatever you do, I will find you and I will get you,” said the woman’s lawyer.

The man denies that they had sex, and says that the woman carries an extortion campaign.

Merkel does not want to speculate on how the Greek drama ends – Daily News

     
     
     
     
     
 
 
     
 

     Published today 17:05
     
 

 
     

         
 

     

         
         Merkel sees no reason for a new summit in Brussels before the referendum in Greece.
     

     
 

 
     

     
     
     
     

         

                     

German Chancellor Angela Merkel is ambivalent about Sunday’s referendum in Greece. At the same time, she is careful not to interfere in the way the Greeks will vote and do not want to speculate on the outcome, says DN’s correspondent in January Lewenhagen.

                     
                 

         
 
         
         

             
                 
                 
                 

                     

 

German Chancellor Angela Merkel is ambivalent about Sunday’s referendum in Greece. At the same time, she is careful not to interfere in the way the Greeks will vote and do not want to speculate on the outcome, says DN’s correspondent in January Lewenhagen.

Last Friday announced the Greek Prime Minister Alexis Tsipras that the Greek government had proposed a referendum on lenders’ proposals and urged the same time the population to vote no. Over the weekend it was announced that a referendum will be held on Sunday.

On Monday, commented German Chancellor Angela Merkel for the first time breakdown in negotiations between the EU and Greece at a press conference in Berlin.

 
        
             

     
                  Ad:
     
                 
                 
                     

     
     
 

What was said at the press conference?

– Merkel said that she felt ambivalent about the referendum and that a ‘no’ could have the consequence that Greece must leave the euro. At the same time she did not give the impression that tell “the proud Greek people” how to vote. She said that the EU is based on two principles. The first is the combination of responsibility and solidarity – countries help each other but everyone must take responsibility for their own finances. The other is compromise – no one can get hundred percent in a negotiation. Merkel said that the Greek government unfortunately did not have the willingness to compromise. She did not want to speculate on what happens if there is an answer on Sunday, but said she was open to talks and that Germany is ready to help bilaterally in the event of humanitarian distress in Greece, says DN’s correspondent in Germany jan Lewenhagen.

How appeared Merkel?

– She was not sentimental as (European Commission President), Jean-Claude Junker was at his speech in Brussels earlier on the day when Junker said he was very disappointed and felt betrayed by Tsipras. Merkel showed no emotional outbursts against the Greek government, but merely observed how the situation was.

What happens with Greece in the future?

– There has been speculation about a new summit in Brussels on Wednesday. Merkel says she is happy to go there, but she does not see any reason for a meeting right now. However, she is pretty sure that there will be a need for a summit after the referendum on Sunday.

 

                     

                
         

         
         
     
 
         
         
 
 
 
 
 
         
     

Löfvens focus on teacher salaries receive criticism from the union – Sveriges Radio

The government is investing three billion dollars a year in higher teacher salaries – from 2016. The announcement gave Prime Minister Stephen Löfven at a press conference in Almedalen today. About 60 000 teachers who are “particularly adept” can get an extra pay rise of 3,000 per month. But who should get part of the money is determined locally.

– We have an exceptional location in the Swedish school with dramatically declining school performance that falls most in the OECD. And we have an increasingly unequal school. We must, among other things, be sure to raise the attractiveness of the teaching profession. The salary is a part, but we do obviously several things, says Stefan Löfven.

Both the Social Democrats and the Green Party went to the polls to higher teacher salaries. The proposal to set aside three billion crowns from 2016 was also the red-green government’s first budget – which of course was convicted of the Alliance and the Sweden Democrats.

Now, therefore Stefan Löfven informed that the government will return with the proposal in the autumn budget. It is also clear that it is especially skilled teachers who will receive part of the state pot.

These are on average 3000 dollars a month. But who should get part of the money is determined locally.

The idea of ​​teacher salary lifting is to increase the attractiveness of the teaching profession and thereby raise awareness results in school.

But the government’s proposals for raising teachers’ salaries have been criticized from both unions and employers.

They have, among other things, warned that other professionals will also require extra money and think that the State should intervene in wage formation.

– I can understand that perspective. But it is so that we have an exceptional location in the Swedish school and we have to do something exceptional. When the teachers are so incredibly important, they are key in this, if we are to reverse this. For it is in the meeting between teachers and students that we can get these results turn, says Stefan Löfven.

LO Negotiating Secretary Torbjörn Johansson has said that the Government’s plan “shorting the Swedish model “.

– There is an involvement that is dangerous, it’s dynamite simply. Or nitroglycerin, shaken this as it may explode, he said.

Promise Olsson
lova.olsson@sverigesradio.se

Loof in the duel: We could have done much more – Swedish Dagbladet

SvD Enterprise’s labor reporter Negra Efendíc led the rally. See when Annie Lööf saw his own reform for new arrivals – establishment reform. But above all, when Karl-Petter Thorwaldsson recognize what they have in common.

Center Party leader Annie Lööf, SvD Enterprise’s labor reporter Negra Efendíc and LO’s chairman Karl-Petter Thorwaldsson. Photo: Yvonne Åsell

Mellin: why was Stefan Löfvens speech ideologically – Aftonbladet

VISBY . Development Moralism.

Taste the word. Think about the meaning.

It is in any event so Stefan Löfven want you to behave. To take the chances offered.

In his fourth speech in Almedalen continued Stefan Löfven on the line that he put out in several previous speeches this year. Namely the duty to take the chances offered to get a job.

On the Social Democrats’ party congress in May, he stated that it was important that school children do their homework, and watching Netflix.

In the closing party leader debate in Parliament a few weeks later berated him up the nation’s parents:

– But it is clear that then also every parent’s contribution important to show that the school is the most important the foundation of a good life.

Here in Almedalen he struck again stated that society should offer chances. To education, to training, to more and more modern skills. But the individual must take chances, manage society offers.

Löfven had even invented a new word. It’s called the development moralism and will, if I understand his associates right, describe the individual has a moral imperative to evolve itself. To keep up.

meaning is far from crystal clear. But it is a Löfvensk tradition. Does anyone remember what the example of “innovation catapult” is? Could not believe it.

Return to moralism. Why not use the old, and very clear, the S adage “Do your duty, demand your right”. It hung on Löfvens lectern and is much more comprehensible than “development moralism”.

In another issue had Löfven problems with words on Monday. Previously, he has had trouble distinguishing between democracies and dictatorships, and rather talked about non-democracies.

Now, asked the Swedish radio on China is a dictatorship. But so far wanted Löfven not go. He could go as far as to a one-party state (without free elections and a corrupt and politicized judiciary, editor’s note).

– The label leads nowhere. We want greater economic exchange with China, he said, among other things. Moral?

That policy is tjuveriets industry is nothing new. Good ideas knycks without any major concerns. It happens all the time.

But on Monday night, it was kind of funny that Stefan Löfven stole at least two issues of the representative Fredrik Reinfeldt (M).

One concerned description of ordinary decent people who go to work and do what they should. In Löfvens bottling is the “backbone of society”. Reinfeldt called them “community carriers”.

And the reinvention of the investment in teachers’ salaries, which heavily criticized by LO, is a variant of the Alliance’s first teacher. The difference is that in the S-Sweden get more teachers less money, about 3 000 more a month.

It is not so good for the Social Democrats in opinion. According to the latest survey from Sweden think is the support of over 27 percent, nearly four percentage points lower than in the election.

Therefore, Stefan Löfvens speech ideologically and turned to their own and potential sympathizers. There are those who will understand what government policy is about and how it all fits together. In this way, he wants to get them to speak well of the policy.

Therefore Löfven continued to nag about how jobs agenda, the one to give the EU’s lowest unemployment rate in 2020, looks. He does it right.

But it will be tough, he also said. There are many who subscribe to.

S: Skillful teachers should get higher pay – Today’s News

     
     
     
     
     
 
 
     
 

     
     
         Updated today 16:35.
     Published today 16:07
     
 

 
     
     

         
 
         
     

     
     
     

         

                     

From 2016 to invest the government 3 billion annually in a teacher-raise for particularly skilled teachers.

                     
                 

         
 
         
         

             
                 
                 
                 

                     

 

From 2016 to invest the government 3 billion annually in a teacher-raise for particularly skilled teachers.

– Our government is determined to turn things around in school, says Stefan Löfven .

The decision on increased salary for teachers should be made locally and can affect 60,000 teachers.

 
        
             

     
                  Ad:
     
                 
                 
                     

     
     
 

The proposal is designed in cooperation with the central employers ‘organizations and teachers’ unions, and is not part of the regular wages.

S-proposal of a teachers raise is developed Together with trade unions and employers ‘organizations.

– We welcome the initiative, says Helene Fritzon from SKL, Swedish Association of Local Authorities and Regions.

Johanna Astrand, Chair of the Teachers’ Union, says it is an important investment .

– Now the ball is in the heads, says Johanna Astrand.

The Government allocates three billion dollars annually to increases in teachers’ salaries have been known, but which ones can get some of the money has been unclear. Now therefore say government money can provide around 60,000 “especially skillful” teachers an extra salary increase on average 3,000 dollars a month.

But the teacher is deemed adept is a matter to be decided locally, evidenced by a pm from the government. So it is employers who decide how many of their teachers who meet the criteria and how much they should get in wages.
The 60,000 teachers concerned comparable to a full-fledged career service reform that corresponds to 17,000 teachers

 

                     

                
         

         
         
     
 
         
         
 
 
 
 
 
         
     

EU leader’s appeal to the Greeks: “Do not commit suicide” – Aftonbladet

The chaos in Greece is spreading abroad.

The world’s stock markets fell during the day. In Stockholm backed the courses about two percent.

At the same time there is increasing concern about what the referendum on crisis support can lead to.

– Do not commit suicide for fear of dying, said European Commission President Jean-Claude Juncker.

Throughout the week, all banks in Greece will be closed. It resolved the crisis-hit country’s government after a marathon meeting yesterday evening. In addition, a ceiling introduced, which means that Greeks can take out a maximum of 60 euros per day at ATMs. The restriction does not apply to tourists.

Although the Athens Stock Exchange that are closed. AFP news agency reports that it will not open until 7 July.

Both of these measures are desperate attempt to save Greece aside a total financial crash, which could mean that the country is forced to leave the euro cooperation.

– We should not be so naive that we do not sees the risk of Greece leaving the euro. But it does not mean that the euro as such collapses. There is the Euro Group, an alternative plan if it would be so bad that it actually ends with Greece leaves, says Prime Minister Stephen Löfven in an interview with P1 morning.

Stock markets fell

Greek turmoil has led to serious concerns in the markets around the world. During the day pulled the major stock markets in both Asia and Europe considerably.

As the Stockholm stock exchange opened this morning fell the broad index OMSXPI by over 3.6 percent. Later, the decline was limited to about two percent.

Should voting solution

Eurozone aid program expires tomorrow. Then Greece must pay 1.5 billion euros, equivalent to just under 14 billion to the International Monetary Fund. If not, the country risks going into state bankruptcy.

This weekend also came the news that the euro countries will not extend support program. Despite this, the Parliament voted in favor of the Prime Minister Alexis Tsipras’s proposal to allow the Greeks to vote on the lenders’ conditions to support the country with new borrowing billions. The referendum is scheduled to be held on 5 July.

– To Greece suddenly say you want a referendum at one minute twelve, and additionally think that the people will vote no, the action does not impress me, says Stefan Löfven in P1 Morgon.

Appeals to the Greeks

But several heavy EU leaders are significantly sharper in his criticism of her actions than Löfven. The referendum is described as a choice between staying in EMU or to leave the EMU.

In a speech earlier today urged the EU Commission Chairman Jean-Claude Juncker, to the Greeks to say yes to the lenders’ conditions.

– The entire planet will see a no as a sign of that Greece would leave Europe.

He continued:

– Do not commit suicide for fear of dying.

During the afternoon, asked the Prime Minister Alexis Tsipras that the scheme would be extended week out. This is because the Greeks would get a brief respite before the referendum.

“Betrayed” Juncker criticizing the Greeks – Helsingborgs Dagblad

He speaks quietly and quiet – but is also fierce in their criticism of Prime Minister Alexis Tsipras and his government.

– It is high time Greece’s political leaders to take responsibility and tell the people what is really at stake. This is the moment of truth.

Juncker defends package Greeks offered and urges Greeks to vote in the upcoming referendum – regardless of how the question is asked.

– You must not kill himself because one is afraid of death, says Juncker.

His statement will after Greece left the negotiations on further emergency loans. Concerns that the country seriously approaching a financial crash and could be forced to leave the euro zone has since increased, with falling stock markets from Asia to Europe.

The Greek banks and the Athens Stock Exchange will be closed for 7 July. It also introduces a ceiling for cash withdrawal at 60 euros (555 dollars) per day. The government has announced that tourists are exempted from the socket roof nor pension payments are affected.

According to the Prime Minister of Sweden Stefan Löfven involves a real risk that the country leaves the euro .

– The risk is of course where we can absolutely not be so naive that we do not see it. But it does not mean that the euro as such collapses. There is the Euro Group, an alternative plan if it would be so bad that it actually ends with Greece leaves, says Löfven to P1 morning.

According to the Greek Finance Minister Yanis Varoufakis compromises still possible. He encourages lenders to show goodwill. But the chances are slim assess Sweden’s Finance Minister Magdalena Andersson (S).

– It seems now unlikely that the scheme will be extended tomorrow, even if the Greeks started talking about it again, says Andersson at a press conference in Visby.

On Wednesday also the European Central Bank (ECB) decide on any increase in a specific emergency liquidity assistance to the Greek banks.

The emergency situation for banks was discussed at several crisis meetings yesterday – both the Hellenic Financial Stability Council and the government was in crisis meetings.

The acute crisis became a fact when the Greek Parliament decided that a referendum on the terms of the loan to be held on 5 July. Prime Minister Alexis Tsipras has called on Greeks to vote against the lenders bid.

According to Prime Minister Stephen Löfven it is a serious situation for Greece, the euro countries and the EU.

– What happened the other day when Greece suddenly say you want a referendum at one minute twelve and also think that the people will vote against – the action does not impress me, says Löfven in P1 Morgon.

Sweden’s direct exposure against the Greek economy is small. The indirect effects on Sweden’s difficult to assess in terms of both financial turmoil and real economic impact, according to Finance Minister Magdalena Andersson.

– We are following developments closely, says Andersson.

What can happen if the turmoil in financial markets is increasing, according to Andersson that there will be large fluctuations in the currency market. What then happens to the crown is difficult to predict.

Juncker: We are centimeters from a Greek agreement – Business World

     Jean-Claude Juncker (center), President of the Commission, together with ECB President Mario Draghi (right) and European Council President Donald Tusk (left). Photo: All over the press
     

European Commission President Jean-Claude Juncker, will submit new proposals at midday on Monday to try to avoid a Greek default and it is just “centimeters away” an agreement.

It stated the EU’s economy commissioner Pierre Moscovici in a radio interview on Monday, according to Dow Jones Newswires.

The European Commission’s door is said to be open to resume talks with Greece and there are ” room for negotiation, “he continued.

The negotiations between Greece and its creditors ended on Friday and Greece have a payment to the IMF of 1.55 billion euros on Tuesday. The same day, at the current financial rescue package for Greece.

The chaos in Greece is spreading beyond the country’s borders. – Aftonbladet

The chaos in Greece is spreading abroad.

The world’s stock markets falling sharply in the morning. Stockholm Stock Exchange’s broad index has fallen more than two percent.

– We should not be so naive that we do not see the risk of Greece leaving the euro, says Prime Minister Stephen Löfven to Swedish Radio.

Six days to come, all banks in Greece will be closed. It resolved the crisis-hit country’s government after a marathon meeting yesterday evening. In addition, a ceiling introduced, which means that Greeks can take out a maximum of 60 euros per day at ATMs. The restriction does not apply to tourists.

Although the Athens Stock Exchange that are closed. AFP news agency reports that the stock market will not open until 7 July.

Both of these measures are desperate attempt to save Greece aside a total financial crash, which could mean that the country is forced to leave the euro cooperation.

Stock markets fall

The Greek turmoil has led to serious concerns in the markets around the world. During the morning, the largest stock markets in Asia fell by over two per cent. Even in Europe, falling stock markets significantly.

When the Stockholm Stock Exchange, opened at 09 dropped the broad index OMSXPI by over 3.6 percent. After a few hours of trading, the case had been limited to about two percent. Most heavily fell sized companies bearing manufacturer SKF and forestry group Stora Enso. Almost all large companies fell during the morning session.

In an interview with P1 Morgon says Prime Minister Stephen Löfven that it can not ignore the risk that Greece will leave the euro:

– But it does not mean that the euro as such collapses. There is the Euro Group, an alternative plan if it would be so bad that it actually ends with Greece leaving.

Should voting solution

Eurozone aid programs expire tomorrow. Then Greece must pay 1.5 billion euros, equivalent to just under 14 billion to the International Monetary Fund. If not, the country risks going into state bankruptcy.

This weekend also came the news that the euro countries will not extend support program. Despite this, the Parliament, I said to Prime Minister Alexis Tsipras proposal to let Greeks vote on the creditors’ conditions to support the country with new borrowing billions. The referendum is scheduled to be held on 5 July.

– To Greece suddenly say you want a referendum at one minute twelve, and additionally think that the people will vote no, the action does not impress me, says Stefan Löfven in P1 Morgon.

The article is updated.

Japan: Retail sales rose above expectations – Dagens Industri

 

           Look over your home insurance
       

 

Are you paying too much? Make money on something more fun

     

 

           Be well-read
       

 

Try the newspaper a month to 99 crowns. READ MORE!

     

 

           Large company Guide
       

 

Get smart calculation of all costs

     

Outlet Clothes selling in bad weather – Swedish Dagbladet

The month of May was the coldest and wettest in many years, which contributed to negative figures for clothing and footwear sales. But for some traders is the cold weather a profit. The outlet of Vingaker hit a record in May, reports Swedish Radio. CEO Rickard Ericsson notes that it may also be because the month had many red days.

He agrees that the wider range, with clothes for the whole year, could be an explanation, but believe that a large contributing factor is that the outlet stores become increasingly established in Sweden.

According to the Style section of the Swedish Trade clothing sales fell by 9.2 percent and footwear sales by 8.5 percent in May.

Next Week trails SMHI warmer weather. Perhaps filled the stores where the people with latent need of shorts and short sleeves?

Now Greece can get a brand new currency – Expressen

emergency loans from the EU is stopped – and Greece may be the about to leave the euro.

Now discourages Claes Hemberg, private economist at Avanza Bank, Swedes from traveling to Greece.

– It can be troublesome. Hotels and supermarkets may not stay open, says Hemberg, today questioned in Expressen valstuga in Almedalen.

It was on Saturday that news from EU finance miniature starlings came – the emergency loans to Greece stopped. Now, many experts believe that Greece will leave the euro, and the country risk a financial bankruptcy.

Thousands of Swedes on the way to Greece

While traveling right now, thousands of Swedes on holiday to Greece. Claes Hemberg, private economist at Avanza Bank, which on Sunday questioned in Expressen valstuga in Visby, is now warning that travel to the country.

– I would probably stay at home. It is uncertain. It may become difficult. Hotels and grocery store may not stay open and the buses and ferries might not. If you do not have a system that works maybe that employees do not receive any salary paid, said Claes Hemberg.

But if you still travel to Greece or are already in place should remember that it may be difficult to withdraw money from ATMs. If Greece shortly leave the eurozone, the country will immediately have its own currency – the Greek euro.

– All banks will be forced to make holes in banknotes so there will be Greek euros. The idea is that you should discern the euro from Greek euros, says Claes Hamberg.

Having money in hand

So be sure to take with euro banknotes when you go to Greece, says Hemberg.

– Have money in hand. Do you go to an ATM and withdraw money, you get Greek currency and it will not be half so much worth.

The crisis in Greece is not expected to have a wide impact on Swedes save money, according to Claes Hemberg. As the Swedish one should not be afraid to even save money disappears.

– Economically Greece is not such a large country. We have a few hundred billion savings in Europe Fund that may be affected in the short term. But it will not collapse for Greece to leave the euro. But it can be created speculation on how some banks in Europe, which has loan in Greece, will survive and it may affect the stock market in the coming weeks. It will be messy.

H & M Comparable sales during Q2 2014/2015 was positive – CEO – Dagens Industri

H & amp; M: Comparable sales during Q2 2014/2015 was positive – President

                  2015-06-25 13:18
             

 STOCKHOLM (SIX) H & amp; M has a little more than a year back in time  finished presenting its comparable sales in connection with the release of  monthly sales. H & amp; M's CEO Karl-Johan Persson, however, confirms that the  the outcome was positive for the second quarter of 2014/2015.       Sales growth in local currencies was 10 percent in  quarter. Historically used for like sales lie  about 10 percentage points below the results in local currencies in the  time when the clothing chain introduced the comparable sales.      Magnus Bernet +46 8586163 85  mailto: magnus.bernet@six-group.se  www.blogg.six.seSIXNews  SIX News 

Magdalena Andersson: The collapse is Greece’s fault – Today’s News

     
     
     
     
     
 
 
     
 

     
     
         Updated today 21:03.
     Published today 19:29
     
 

 
     

         
 

     
     
 

 
     

     
     
     
     

         

                     

The Finance Minister Magdalena Andersson (S) puts all the blame on Greece to negotiations with the Eurogroup collapsed. In a DN interview she dismisses the criticism, among others, Nobel laureate Paul Krugman against the lenders.

                     
                 

         
 
         
         

             
                 
                 
                 

                     

 

Finance Magdalena Andersson (S) puts all the blame on Greece to negotiations with the Eurogroup collapsed. In a DN interview she dismisses the criticism, among others, Nobel laureate Paul Krugman against the lenders.

– Situation is very serious. I must say I was very surprised when the Greeks said they wanted to call a referendum. It turned, so to speak throughout the hearing, said Finance Minister Magdalena Andersson.

It sounds like you put a lot of blame on Greece to the negotiations have foundered?

 
        
             

     
                  Ad:
     
                 
                 
                     

     
     
 

– Yes, it is clear that it is the decision to call a folkomrösning who now makes that negotiations have broken down. And not least, the government said it would urge people to vote no. My view is that the euro countries have put considerable effort in order to find a solution that also Greece can accept. Just the fact that it has had four finance minister meetings on a weekly shows you that you really have tried to find a solution and get the Greeks to meet.

Now pull back the bid that Greece would hold a referendum on?

– Yes, well quite naturally. For although now the Greeks would vote yes – what is the credibility of a government who think they would not have voted to implement the necessary measures?

There are critics who argue that euro countries have driven demands for cuts for hard negotiations, and that you have not listened to the Greek proposals for tax increases. Among others, Nobel laureate Paul Krugman, who wrote a blog post talked about the other day. What do you think about the criticism?

– My impression is that there have been quite a lot of flexibility from the euro countries to the Greeks themselves to develop a policy for the public finances should be in balance. But the requirement has been that man from the Greek side will come up with measures that are realistic and credible so that they also create long-term sustainability of public finances.

What is the biggest risk in the situation which has now arisen?

– It is crucial now is the opportunities that the European Central Bank looks to act in this situation. Greek banks’ve survived the past week because the ECB has helped them with money, but when there is no longer any aid schemes, the question of how the ECB will be looking at the situation.

What if the ECB decides to stop giving support to Greek banks?

– When the Greek banks are very big problems.

How can it affect Sweden ?

– We are not directly exposed to Greece. It’s not like when there was a crisis in the Baltic States, where Swedish banks were exposed. We also have a fairly limited trade with Greece. But it becomes a turbulence in the European financial markets, then Sweden may be affected. Although the Swedish krona could be affected, and thus also the Swedish export industry. Therefore we follow the situation very carefully from the finance ministry and the contingency if necessary measures are taken.

The finance ministers sit in the Saturday evening meeting to discuss the situation. It uses the word “consequences”. You interpret it as that it is now waiting for a major crisis?

– It depends a lot on how the markets will react to this news. It is of course impossible to predict. But the positive is that Europe is much stronger now than if this had happened a few years ago.

How hard is it to calculate the effects of this kind of situations? Is not it very complex?

– Well, that’s it. But today, the EU is much more stable, both in terms of the other countries’ public finances, but also because you have built up some mechanisms to The European Stability Mechanism, ESM (a new rescue fund for euro zone countries that get into financial crisis, DN note.)

 

                     

                
         

         
         
     
 
         
         
 
 
 
 
 
 
         
     

Cameron: The process is underway – Hufvudstadsbladet

British Prime Minister David Cameron. Photo: EPA

The start of Britain’s renegotiation of EU membership have gone, but other EU leaders warned British Prime Minister David Cameron will be tough negotiations ahead.

David Cameron was happy when he was on the night of Friday met the press after giving his speech at the EU Summit. The question of British membership was treated only briefly overshadowed by questions of migration and Greece.

– It’s been a long night and we have discussed some very important topics, but I am particularly pleased that the process of British reforms, renegotiation and the referendum that we should keep, the process is now in earnest, said Cameron.

– People always say to me that these things are not possible, you never get through them . Well, once again we have proven that we get things done. We have started the process, he continued.

Some information about when the British referendum should be held, he gave not.

EU Permanent President Tusk called the night decision “the first step in a long process.”

– One thing should be clear from the beginning: the EU’s fundamental values ​​are not for sale and are not negotiable. We should consider British views, but only in a way that is safe for Europe. We will return to this in December, said Tusk

Stockholm Stock Exchange continues down – Vasterbotten Courier

The Stockholm Stock Exchange falls in morning trade, in line with the leading stock exchanges in Europe and Asia. Greece is in focus. No settlement with the lenders is now in sight.

At 11:00 the OMXS Index fell 0.8 percent to 518.0. All major companies decreases with the exception of Electrolux, rising by 0.7 percent, and Swedbank rising by 0.2 percent. Electrolux belonged to the losers yesterday, after rumors of a change of CEO. Swedbank has been raised target price by Barclays.

The Getinge fell the most, by 1.8 percent. AstraZeneca falls by 1.5 percent. Clothing giant H & amp; M has been sent target price of several brokerages after yesterday’s interim report. The share fall by 0.5 percent.

Kris company PA Resources rushing by just under 20 percent after the interim report for the first quarter proved to profit.