A responsible refusal for General Motors

If the Swedish government doesn't step in with money immediately GM subsidiary Saab will have to apply for reconstruction. The daily Svenska Dagbladet praises Minister for Economic Affairs Maud Olofsson's stance in rejecting a takeover by the Swedish state financed with taxes: "The state and government should do their best to alleviate the insecurity [for employees and suppliers]. But it would be better if this is not done by taking over or pumping money into a company that has seldom performed well. If there is one thing that can rightly be called irresponsible it is a scenario in which the state uses taxpayers' money as venture capital for branches where the market is worryingly unstable. Rather than guaranteeing the citizens' security this approach gambles with it."

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