Bo Lundgren

Last updated
Bo Lundgren
Bo Lundgren brollopsgast.jpg
Director-General of the
Swedish National Debt Office
In office
1 October 2004 31 January 2013
Preceded by Thomas Franzén
Succeeded by Hans Lindblad
Leader of the Moderate Party
In office
4 September 1999 25 October 2003
Preceded by Carl Bildt
Succeeded by Fredrik Reinfeldt
Personal details
Born (1947-07-11) 11 July 1947 (age 71)
Kristianstad, Sweden
Political party Moderate Party
Spouse(s)Charlotte Lundgren
Alma mater Lund University

Bo Axel Magnus Lundgren (born 11 July 1947) is a Swedish politician. He was the leader of the Moderate Party from 1999 to 2003. [1] [2]

Sweden constitutional monarchy in Northern Europe

Sweden, formal name: the Kingdom of Sweden, is a Scandinavian Nordic country in Northern Europe. It borders Norway to the west and north and Finland to the east, and is connected to Denmark in the southwest by a bridge-tunnel across the Öresund, a strait at the Swedish-Danish border. At 450,295 square kilometres (173,860 sq mi), Sweden is the largest country in Northern Europe, the third-largest country in the European Union and the fifth largest country in Europe by area. Sweden has a total population of 10.2 million of which 2.5 million have a foreign background. It has a low population density of 22 inhabitants per square kilometre (57/sq mi). The highest concentration is in the southern half of the country.

Moderate Party Political party in Sweden

The Moderate Party is a liberal-conservative political party in Sweden. The party generally supports tax cuts, the free market, civil liberties and economic liberalism. Internationally, it is a full member of the International Democrat Union and European People's Party.

Lundgren served as Minister for Fiscal and Financial Affairs from 1991 to 1994 in the government of Carl Bildt, with responsibility mainly for financial markets, taxation and housing. The country faced a severe financial crisis after the bursting of a speculation bubble which had developed in the 1980s. The Swedish government's management of the crisis attracted international attention, especially after the late 2000s recession. Lundgren testified to the US Congressional Oversight Panel in 2009 and was also called to the European Parliament and the Irish Parliament to speak about management of financial crises.

Carl Bildt Swedish politician, prime minister between 1991-1994, foreign minister between 2006-2014

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Great Recession Early 21st-century global economic decline

The Great Recession was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and timing of the recession varied from country to country. The International Monetary Fund (IMF) has concluded that it was the most severe economic and financial meltdown since the Great Depression and it is frequently seen as the second worst downturn of all time.

In 1999, he succeeded Carl Bildt as party leader and became leader of the opposition. He resigned four years later after the party's poor results in the Swedish parliamentary election in 2002. [1] [2] He was succeeded by Fredrik Reinfeldt, who would move the party to the political centre. He then served as director general of the Swedish National Debt Office (Riksgäldskontoret) from 2004 to 2013. He played a further role in the government's response to the late 2000s recession, along with Stefan Ingves the head of Sveriges Riksbank, which included the nationalisation of Carnegie Investment Bank. After leaving the Debt Office, he was appointed chairman of Sparbanken Öresund as well as of some other institutions.

Fredrik Reinfeldt 32nd Prime Minister of Sweden

John Fredrik Reinfeldt is a Swedish economist, lecturer and former politician who was Prime Minister of Sweden from 2006 to 2014 and chairman of the liberal conservative Moderate Party from 2003 to 2015. He was the last rotating President of the European Council in 2009.

Swedish National Debt Office Swedish administrative authority

The Swedish National Debt Office was founded by Gustav III at the Riksdag of the Estates in 1789, through the Act of union and security. It is a Swedish Government agency. The first task of the Debt Office was to finance the ongoing War against Russia.

Stefan Ingves Swedish economist

Stefan Nils Magnus Ingves is a Swedish banker, economist and civil servant currently serving as the Governor of Sveriges Riksbank, the central bank of Sweden.

Lundgren earned a degree in business and administration from Lund University in 1972. He received an honorary doctorate from Lund University in 2010. [3]

Civilekonom, literally "civil economist", is a professional title in Sweden which traditionally refers to an individual who holds either a Bachelor's degree or a Master's degree in business administration and economics. Unlike the English language usage, in Swedish, ekonomi ("economy") is commonly used as an umbrella designation for both business- and economics-related subjects.

Lund University university located in the city of Lund in the province of Scania, Sweden

Lund University is a public university in Sweden and one of northern Europe’s oldest university. Lund University is consistently ranked among the world's top 100 universities. The university is located in the city of Lund in the province of Scania, Sweden, arguably traces its roots back to 1425, when a Franciscan studium generale was founded in Lund next to the Lund Cathedral. After Sweden won Scania from Denmark in the 1658 Treaty of Roskilde, the university was officially founded in 1666 on the location of the old studium generale next to Lund Cathedral.

Currently, he is on the advisory board of OMFIF where he is regularly involved in meetings regarding the financial and monetary system.

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The Swedish banking rescue followed a housing bubble in Sweden that deflated during 1991 and 1992, and resulted in a severe credit crunch and widespread bank insolvency. The causes were similar to those of the subprime mortgage crisis of 2007–2008. In response, the government took the following actions:

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References

  1. 1 2 Lundgren, Bo Archived October 16, 2007, at the Wayback Machine , Who's Who, The Local. Accessed online December 19, 2007.
  2. 1 2 The parliamentary election in Sweden, 2002, Anders Widfeldt, Electoral Studies22, #4 (December 2003), pp. 778784.
  3. "Bo Lundgren hedersdoktor i Lund - DN.SE". DN.SE (in Swedish). 2010-02-18. Retrieved 2016-12-27.
Party political offices
Preceded by
Carl Bildt
Leader of the Swedish Moderate Party
19992003
Succeeded by
Fredrik Reinfeldt