Many would point out that the key to Sweden’s success is that it slashed taxes, greatly reduced its public sector, and underwent a massive privatization program in the 1990s. Denmark is only just now beginning to be forced to consider such reforms. Lykketoft disagrees. “Yes, but they have taken advantage of devaluation during the financial crisis and they have sold their large stock of public companies, and that cannot continue.” In other words, according to Lykketoft, Sweden’s recent economic performance is based on external factors, and the selling of the family silver. Lykketoft is one of
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