Thomas Östros

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Thomas Östros
Ekonomiskt seminarium i Almedalen (4767292061) (Thomas Ostros cropped).jpg
Östros in 2010.
Minister for Enterprise and Energy
In office
21 October 2004 6 October 2006
Prime Minister Göran Persson
Preceded by Leif Pagrotsky
Succeeded by Maud Olofsson
Minister for Education
In office
4 October 1998 21 October 2004
Prime Minister Göran Persson
Preceded by Carl Tham
Succeeded by Leif Pagrotsky
Personal details
Björn Thomas Waaranperä

(1965-01-26) 26 January 1965 (age 54)
Gällivare, Sweden
Political party Social Democrats
Spouse(s)Susanne Östros
Alma mater Uppsala University

Thomas Östros (born 26 January 1965) is a Swedish economist, former Social Democratic politician and CEO of the Swedish Bankers' Association. In 2015 he was named Executive Director for Northern Europe at the International Monetary Fund.

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.

Swedish Social Democratic Party political party

The Swedish Social Democratic Party, contesting elections as the Arbetarepartiet–Socialdemokraterna and usually referred to just as the Social Democrats (Socialdemokraterna), is the oldest and largest political party in Sweden. The current party leader since 2012 is Stefan Löfven, who has also been Prime Minister of Sweden since 2014.

International Monetary Fund International organisation

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion.


Early life

Östros was born in Malmberget, as Björn Thomas Waaranperä, the son of an explosives worker and a housewife. His parents changed their Tornedalian family name to Östros when they moved from Norrland to Västerås, because it was easier to pronounce. [1] [2]

Malmberget Place in Lapland, Sweden

Malmberget is a locality and mining town situated in Gällivare Municipality, Norrbotten County, Sweden with 5,590 inhabitants in 2010. It is situated 5 kilometres from the municipal seat Gällivare.

Norrland Place

Norrland is the northernmost, largest and least populated of the three traditional lands of Sweden, consisting of nine provinces. The term Norrland is not used for any administrative purpose, but as a historical region, it is common in everyday language, e.g., in weather forecasts.

Västerås Place in Västmanland, Sweden

Västerås is a city in central Sweden on the shore of Lake Mälaren in the province of Västmanland, 100 kilometres west of Stockholm. The city had a population of 119,372 in 2016, out of the municipal total of 150,000 (2017). Västerås is the seat of Västerås Municipality, the capital of Västmanland County and an episcopal see.

Östros has a licentiate degree (a graduate degree in the Swedish university system) in economics from Uppsala University. [1] During his time at university, he was an active member of the local branch of Social Democratic Students of Sweden. He also served as a councillor in the Uppsala Municipal Council. [2]

Uppsala University research university in Uppsala, Sweden

Uppsala University is a research university in Uppsala, Sweden, and is the oldest university in Sweden and all of the Nordic countries still in operation, founded in 1477. It ranks among the world's 100 best universities in several high-profile international rankings. The university uses "Gratiae veritas naturae" as its motto and embraces natural sciences.

The Social Democratic Students of Sweden is the student organisation of the Swedish Social Democratic Party. The organisations acronym is SSF, this acronym is most commonly used in international organisations such as IUSY or YES.

Uppsala Municipality Municipality in Uppsala County, Sweden

Uppsala Municipality is a municipality in Uppsala County in east central Sweden. Uppsala has a population of 211,411 (2016-06-30). Its seat is located in the university city of Uppsala.

Political career

In 1994 he was elected to the Riksdag as a member of parliament. In 1996, he became the Minister for Taxation at the age of 31, under the Cabinet of Göran Persson, and later served as Minister for Education from 1998 to 2004. In 2004 he switched posts with Leif Pagrotsky and became Minister for Enterprise and Energy, a position he held on to until the Social Democratic defeat at the general elections of 2006. Östros was also the deputy chairman of the Riksdag's committee for Industry and Trade from 2006 to 2008. [2] [3]

Riksdag Legislative body of Sweden

The Riksdag is the national legislature and the supreme decision-making body of Sweden. Since 1971, the Riksdag has been a unicameral legislature with 349 members, elected proportionally and serving, from 1994 onwards, on fixed four-year terms.

Persson Cabinet

Göran Persson served as Prime Minister of Sweden between 22 March 1996 and 6 October 2006. Persson took over after Ingvar Carlsson, who retired as party leader and Prime Minister. Following the 2006 general election, he and the Persson Cabinet lost power to a centre-right coalition government.

The Government of the Kingdom of Sweden is the national cabinet and the supreme executive authority of Sweden. The short-form name Regeringen is used both in the Fundamental Laws of the Realm and in the vernacular, while the long-form is only used in international treaties.

In 2008 he was appointed economic policy spokesperson for his party, following a leadership dispute between his predecessor Pär Nuder and the newly appointed party chairman Mona Sahlin; a post he was forced to resign from in March 2011, [4] coinciding with the ascension of Håkan Juholt as chairman, a candidate he refused to endorse or publicly support. [5] [6] Östros left the party executive committee at about the same time, [7] and subsequently left the Riksdag in July 2012, having spent a total of 17 years as an MP. [3] [8]

Pär Anders Nuder is a Swedish Social Democratic politician. He served as Minister for Finance from 2004 to 2006, Minister for Policy Coordination and State Secretary and Chief of Staff to Prime Minister Göran Persson 1997-2002.

Mona Sahlin Swedish politician

Mona Ingeborg Sahlin is a Swedish politician who was leader of the opposition and leader of the Swedish Social Democratic Party from 2007 to 2011.

Håkan Juholt Swedish politician

Håkan Juholt is a Swedish politician who was Leader of the Social Democrats from 2011 to 2012. He was member of the Swedish parliament from 1994 to 2016, representing Kalmar län. Juholt serves as Sweden's Ambassador to the Republic of Iceland since September 2017.

It has often been said that former Prime Minister Göran Persson has a lot of confidence in Thomas Östros, and he was mentioned in speculations about possible successors to Persson.[ citation needed ]

Göran Persson Former Prime minister of Sweden

Hans Göran Persson served as Prime Minister of Sweden from 1996 to 2006 and was leader of the Swedish Social Democratic Party from 1996 to 2007.

Professional career

Östros was appointed CEO of the trade association Swedish Bankers' Association in 2012, [9] a position he resigned from in 2015, [10] only to later be named Executive Director for Northern Europe at the IMF. [11]

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  1. 1 2 Wahlin, Erik (4 January 2013). "Östros: Jag har kvar mina värderingar" (in Swedish). Affärsvärlden . Retrieved 26 February 2015.
  2. 1 2 3 Weman Thornell, Kerstin (5 July 2012). "Thomas Östros: Från Tornedalen till toppjobb i bankvärlden". Hemmets Journal (in Swedish). Retrieved 26 February 2015.
  3. 1 2 "Thomas Östros (S) –" (in Swedish). The Riksdag . Retrieved 26 February 2015.
  4. "Waidelich – ekonomisk talesperson" (in Swedish). Tidningarnas Telegrambyrå/Svenska Dagbladet. 29 March 2011. Retrieved 25 February 2015.
  5. "Östros utspel om Juholt förvånar" (in Swedish). Tidningarnas Telegrambyrå/Svenska Dagbladet. 21 November 2011. Retrieved 25 February 2015.
  6. Martikainen, Rebecka (18 October 2012). "Östros om varför han vägrade stödja Juholt". Expressen (in Swedish). Retrieved 25 February 2015.
  7. "Östros lämnar VU" (in Swedish). Tidningarnas Telegrambyrå/Svenska Dagbladet. 21 March 2011. Retrieved 25 February 2015.
  8. "Thomas Östros lämnar politiken" (in Swedish). Tidningarnas Telegrambyrå/Dagens Nyheter. 7 March 2012. Retrieved 26 February 2015.
  9. Holmqvist, Anette (2 May 2012). "Östros får nytt toppjobb". Aftonbladet (in Swedish). Retrieved 26 February 2015.
  10. "Thomas Östros lämnar vd-jobb". Svenska Dagbladet (in Swedish). 17 February 2015. Retrieved 26 February 2015.
  11. "Löfven ger toppjobb till Thomas Östros". Expressen (in Swedish). 25 February 2015. Retrieved 26 February 2015.
Preceded by
Leif Pagrotsky
Minister for Enterprise and Energy
Succeeded by
Maud Olofsson