Sweden Shouldn’t Pay More to Borrow Than Germany, Borg Says

Anders, you do have their own currency, mate…

Sweden Shouldn’t Pay More to Borrow Than Germany, Borg Says

March 9 (Bloomberg) — Sweden shouldn’t pay more to borrow than Germany because of its strong public finances and low level of debt, Finance Minister Anders Borg said.

“Sweden will probably have a stronger recovery eventually than Germany and then interest rates eventually ought to rise above Germany’s due to, so to speak, economic-cycle reasons,” Borg said in an interview in Stockholm yesterday. “But in the long-term they ought to be on par or slightly below.”