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Submitted by Mikael on
Just would argue that the Swedish banking sector was subject to a great no of regulatory controls between the end of WW2 and early 1980s, basically the "golden age" of the country's growth and development. And there were no banking or financial crisis! As commentators have been mentioning I believe the story is much more complicated than concluding that state controlled banks are bad. Even today the governments of Finland, Norway and Sweden owns the majority of Nordea, one of the largest bank conglomerates in the region I believe, and it is doing quite well.