Swedish Krona Becomes Punch Bag for Nation's Crisis-Era Policy
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Everyone is lining up to attack Sweden’s currency, from investors to the country’s leaders.
The krona’s four-year slump has led to soul-searching in the Scandinavian nation about whether the policies pursued in the wake of the financial crisis have backfired. Banks are slashing their outlook for the krona, a former prime minister has suggested dumping it for the euro and a business federation has accused the central bank of effectively devaluing the currency, leading the Governor to defend its ultra-loose policy.