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Davos 2013: Heard in Davos

By Bloomberg Briefs - 2013-01-25T17:28:51Z

Photograph by Simon Dawson/Bloomberg

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Anders Borg

Swedish Finance Minister:

It would be a "big risk" for his country if the U.K. left the EU because the Nordic nation's banks and biggest companies rely on London for their funding. "Swedish banks are refinancing in London and you can't have one legal system for banking and one for industry. Our multinationals do most of their banking through London and for them to be competitive in the world market, and safe, it's very difficult to have their banking business outside the EU and their main customers inside."