
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.
By Tony Barber in Stockholm
Published: July 1 2009 00:07 | Last updated: July 1 2009 11:06

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.