Anders Borg warns of EU banking union

Anders Borg, former finance minister, is back in the public eye again after an incident in Stockholm’s archipelago in the summer. The high-profile scandal forced Borg to leave several prestigious positions and he has now changed his professional direction towards investment and global analysis. He has also taken on the role of commentator.
A major theme for him is the EU banking union. “For me there are two decisive reasons for why Sweden should not become a member. The first is that, as a non-euro country, we would lack influence. The second is that they have chosen to handle the banking crisis in a way that does not work,” he says.
He also approves of the Riksbank’s decision to keep minus interest rates although would like to see labour and housing market reforms.