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Keyword: swedendebt

Swedish household debt soars as poll nears

08/24/2014 6:03:41 PM PDT · by Lorianne · 14 replies
CNBC/Reuters ^ | 24 August 2014

Johan and Alejandra are the kind of Swedes the IMF has been warning about - piling up debt to keep up with an ever-rising property market and fund a lifestyle of travel, maids and nights out. The couple plan to buy a flat in Stockholm for 5 to 6 million Swedish crowns ($724,000 to $869,000), initially with an interest-only bank loan, among other spending plans. "I may travel, I may want to invest in a new business," said Alejandra, who runs a cafe in the city centre. Less than a month away from a general election, there are no votes...

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