Insufficient reform

Sweden’s poor performance in the PISA ratings, a decline the like of which has not been seen in any other OECD country in the past decade, poses a threat to the country’s competitiveness, warns the European Commission in its annual report.

The Swedish government receives praise for allocating more funds to education, but the poor performance of pupils with an immigrant background is a cause of concern.

The government is lauded for its efforts to simplify building procedures but its indecision over amortisation requirements is worrying. The Commission urges the government to give the Swedish Financial Supervisory Authority the necessary powers as soon as possible, warning that other measures will be needed to address Sweden’s imbalances.