It\’s true that the Swedish (and other Nordic) bank bailouts of the 90s are viewed as having been successful.
And how are today\’s Nordic states impacted by the global crisis? They are affected by the rise in money market rates, and there is an exposure to problems in Iceland, where they have traditionally had strong ties. "But there is no banking crisis," Mr Juel said. "The banks learned their lesson. Also, we also now have a very efficient financial surveillance procedure."
That\’s not necessarily true. There are those who insist that Swedbank is about to become toast.