As Sweden's finance minister, Anders Borg has received much of the kudos for his country's relatively easy passage through the financial storms following the 2008 crisis. But now as things seem to be looking up, Mr. Borg—with a reputation for fiscal prudence—isn't going to loosen the purse strings. Rather, he is preparing for the next crisis.
"I have a very strong ambition to keep Sweden on the safe side," Mr. Borg says. "I have never in my life seen anyone taking damage from having too large safety margins."
Mr. Borg says his cautious approach stems from hard lessons learned during ...
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