Swedes Face Forced Deleveraging as Debt Swells to Record
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Sweden is looking into the option of forcing households to start amortizing their mortgages in an effort to prevent debt loads rising from a record.
“We want to make clear that the next step, should we judge that we have to take it, rather is amortization than something else,” Martin Andersson, director-general at the Swedish Financial Supervisory Authority, told reporters yesterday after a parliament hearing in Stockholm. “If household debt accelerates, as we’ve seen before, well, then we must do something.”