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Westerberg, Rikard
2 articles of this author have been cited in the European Press Review so far.
Adjusting milk production to the market
The Swedish dairy company Milko has announced a ten-percent increase in the price of its milk. With this step it wants to help Sweden's dairy farmers cope with the sinking price of milk worldwide. The daily Dagens Nyheter writes: "The level of milk production is partly maintained through taxes and partly by raising the price for consumers - despite the drop in prices at a global level. Instead of this double taxation the dairy industry should distance itself from the detrimental EU agricultural policy and try to rationalise production. With a dairy industry that is more adjusted to the market consumers could decide for themselves whether they want to buy expensive products that are produced locally or cheap products produced further away from their kitchen tables."
» full article (external link, Swedish)
More from the press review on the subject » Trade, » Consumers, » Agriculture, » Sweden
Let the Latvian currency flow freely
Last Monday crisis-stricken Latvia was able to secure rescue loans from both the EU and the International Monetary Fund (IMF). The daily Dagens Nyheter writes that the devaluation of the Latvian currency is nonetheless drawing closer and closer and points to the IMF's demand for further cuts in public spending, which has already been considerably reduced: "The devaluation of the currency could help the country make a quick recovery but it's no miracle cure. … The IMF and the EU are granting Latvia loans in euros. If there is a devaluation, as seems inevitable, it will be more expensive for the Latvian state to pay [the money] back. … At the beginning of the 1990s Sweden was in a similar situation to that of Latvia [today]: The currency was overvalued … and it was in a serious crisis. A free flowing [Swedish] krona [exchange rate] in combination with an overhaul of the state budget was part of the solution. The time has come for Latvia to take the same path."
» full article (external link, Swedish)
More from the press review on the subject » Fiscal Policy, » Latvia, » Europe
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