Category: Sweden
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Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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Greek barista Kyriakos Giannichronis has seen headlines about his country’s newly booming economy after years of stagnation — but he doesn’t feel wealthy. The Athens resident has only about 150 euros ($170) to spare at the end of the month, despite getting a good deal on rent and earning just…
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Sweden breaks tradition to cut interest rates before the Fed but will it pay off?
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Sweden took the bold step of cutting interest rates, which surprised some analysts and marked a new phase in global monetary policy that could accelerate economic expansion or return countries including the United States to a more cautious approach. Riksbank Moved in Thursday morning He cut the base interest rate…