Sweden Shelves Plan to Use Pension Money for Debt
Sweden’s government shelved a proposal to take 96 billion kronor ($13 billion) from the country’s four state retirement funds to repay debt after political pressure. ; The Scandinavian country’s Social Insurance Board in April proposed that Finance Minister Bosse Ringholm shift the money to pare the state’s 1.3 trillion kronor national debt. Ringholm, 61, decided against the plan after meeting[Read More…]