Swedish PM: "Talk" Spain needs ?80B in rescue loan

Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to €80 billion.

Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to €80 billion ($99.74 billion).

(BRUSSELS) — The cost of bailing out Cyprus has swollen to euro 23 billion ($30 billion), with the crisis-hit country having to take on the lion’s share of the measures needed to avoid bankruptcy, according to a draft document by the country’s international creditors. The draft document, obtained by The Associated Press Thursday, says the country will have to find 13 billion euros ($17 billion) — an increase on the 7 billion euro contribution agreed during the country’s chaotic bailout talks last month.

(BRUSSELS) — The cost of bailing out Cyprus has swollen to euro 23 billion ($30 billion), with the crisis-hit country having to take on the lion’s share of the measures needed to avoid bankruptcy, according to a draft document by the country’s international creditors. The draft document, obtained by The Associated Press Thursday, says the country will have to find 13 billion euros ($17 billion) — an increase on the 7 billion euro contribution agreed during the country’s chaotic bailout talks last month.

STOCKHOLM (Reuters) - Spotify, Mojang and Wrapp, respectively music, games and gift services winning online markets worldwide, are among tech start-ups that have made Sweden Europe's hottest spot for investors hunting the next big thing.

Cypriot lawmakers approved capital controls and the creation of a fund to pool state assets as they scramble to secure a European bailout package and avert a financial collapse of the Mediterranean island. The Cypriot parliament, which is still meeting, is also due to vote on further measures such as bank resolution legislation. Still in doubt is whether they will approve deposit levies, three days after an initial proposal to tax all bank accounts was defeated by the same assembly. Banks have been shut all week and are due to reopen on March 26.

I’ve developed this kind of lingering concern that the popularity of the Millenium Trilogy is going to lead people to believe that Sweden is some kind of international hotbed of oppressive anti-woman practices. The truth is closer to the reverse—Sweden is probably the most feminist-influenced country on earth, as witnessed by the existence of feminist bestselling popular fiction.

Daniel J Mitchell offers up a simplistic and misleading potted history of Sweden before asking the staggering stupid question “Why Is Obama Trying to Make America More Like Sweden when Swedes Are Trying to Be Less Like Sweden?” If you accept these premises, the natural answer would be that the optimal scope of the welfare state is to be more generous than what we have in the United States but less generous than what they have in Sweden.