Swedish PM Says Draghi Report Falls Into Common-Debt Trap

Former European Central Bank President Mario Draghi’s proposal to strengthen European Union’s competitiveness by taking on joint debt is a risky strategy that could divert attention from the more consequential reforms that the bloc needs, Sweden’s Prime Minister Ulf Kristersson warned.

While the premier welcomed the report as an important contribution to a discussion on long-term economic prospects that Sweden pushed for during its EU presidency last year, he reiterated the Nordic nation’s long-held aversion to issuing common debt.