A Scandinavian economic miracle?

In addition to the consequences of climate change the EU summit in Brussels is also examining the economic development of EU member states, whose economic problems are far from being solved. Sweden being one of them, the daily comments: "In recent years Scandinavia has been held up as a shining example. Thanks to the economic boom of the North, countless politicians made a pilgrimage to Copenhagen, Helsinki and Stockholm to learn from their role models. However, as a recent EEAG report [on Europe's economy] shows, unfortunately it's still too early to draw the conclusions that proponents of the social model would like to see drawn. It's true that Sweden and Finland in particular have experienced an economic boom over the past decade. However, this boom must be attributed to the crisis of the early 1990s. ... Although Scandinavia economies have certainly recovered since then, it's ridiculous to talk of a Scandinavian miracle. ... Like the rest of the European continent, Sweden, too, must step up its reform activities, because Scandinavian boasting won't create new companies and jobs."

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