Automotive Sweden is an independent non-profit organization. We spread knowledge of the Swedish automotive industry to national and international players to encourage co-operation and stimulate growth in the automotive industry.
ABOUT THE INDUSTRY
AUTOMOTIVE SWEDEN
NEWSLETTER
OECD advises in a new report
European countries are, generally speaking, too far in debt. The level of indebtedness cannot only be explained away by emergency measures; in many cases public expenditures have been allowed to escalate for quite some time. Few countries are managing the the goals of the EU's Stability and Growth Pact (SGP): budget deficit no higher than 3% of GNP and national debt no higher than 60% of GNP.
To meet these goals, measures are needed in affected countries. Greece, Ireland and Spain have already begun, but more countries need to act. Sweden meets EU regulations, but the OECD criticizes Sweden's high marginal tax rate and strict employment regulations, both of which curb growth. Growth is the way out of the debt trap for Europe.
Share!
| Automotive Sweden |
|---|
| Box 111 19 |
| 404 23 Göteborg |
| Telefon. | +46 (0)31 61 24 02 |
|---|---|
| Fax. | +46 (0)31 61 24 01 |
| E-post. | info@automotivesweden.se |
