Not sure about the main story about the article. However, construction on that Ursvik/Rinkby construction site has been very slow since long before the current crisis. I was biking through the neighboring bridge of the one mentioned here (that is about 100m down the road, so much about that new bridge alone enabling crime) for about 8 month and while my way through changed a few times, progress was very slow. (Not that any of the many many construction projects in Stockholm has been fast). What the article misses is that the Swedish Krona has lost more than 10% compared to the Euro over the last year and that, while theoretically making exports more valuable, increase inflation for all import products. Which for me as an immigrant is the main economic flaw in this country: it should have adopted the Euro like Finnland or at least locked the exchange rate like Denmark. But no, false national pride has now made the entire economic down-turn even harder.
(One should also note that mortage rate here in Sweden are still surprisingly low. My 3 month fixed rate right now is 3.65% of which I get back 30% via taxes. Hence I am effectivly borrowing at 2.5%)
(One should also note that mortage rate here in Sweden are still surprisingly low. My 3 month fixed rate right now is 3.65% of which I get back 30% via taxes. Hence I am effectivly borrowing at 2.5%)