Financial Times FT.com

Sweden warns EU of further pain

By Tony Barber in Stockholm

Published: July 1 2009 00:07 | Last updated: July 1 2009 11:06

Fredrik Reinfeldt, prime minister of Sweden

The European Union’s financial sector faces potential losses so large that the bloc’s governments cannot afford the risk of borrowing more money to boost Europe’s economy, Fredrik Reinfeldt, Sweden’s prime minister, said on Tuesday.

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