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Bankers See Debt Risks Mounting in Sweden as New Rules Loom

2014-09-04 14:02:25| Appliances - Topix.net

Sweden's bank industry said a proposal by the country's main opposition party to relax a cap on mortgages risks backfiring as the housing market continues to show signs of overheating. The warning follows comments by Magdalena Andersson, economy spokeswoman for the opposition Social Democrats, who said last month she's willing to consider relaxing existing limits on mortgage lending if Sweden puts in place an amortization requirement.

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