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European finance minsters are struggling to finalise a plan to give extra money to the IMF, with the plan then to lend the money European governments. The hope was for ?200bn to be pledged by Euro Area governments plus money from those outside of the Euro including Britain and Sweden, but the amount committed so far is only ?150bn. Britain, quite rightly, feels since the IMF is a global institution any increase in funding should be global in nature and not confined just to European countries....
Last Wednesday marked the first day in a groundbreaking trial against five men charged with aggravated crime against relics following the theft of over 1,000 silver coins and artefacts from the Viking age on the Baltic island of Gotland. The stolen Viking silver treasure coin trial will reconvene on six occasions and it is the first time in Sweden that anyone is charged with aggravated crime against relics.?That's why this trial is important for the whole of Sweden', said Majvor
Sweden Riksbank has announced a competition to design Sweden's new banknotes. The competition is open to artists, graphic artists, designers and architects. The intention is to use the winning suggestion as the starting point for the design of the new banknotes. Applications must be presented no later than 20 May. There is no information in English if this competition open to everyone or not.The competition will be held in two stages. During stage 1, all those who fulfil the qualification...
by Jess Jiang On a recent podcast, we explored gold's central role in the history of money. But, even before the rise of paper bills, gold wasn't the only option. Sweden, for example, used a copper standard for a while in the 1600s and 1700s. That didn't work out so well. Because copper was so...