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Sweden’s public sector crumbling?

At least if you should believe ECB Working Paper series No.242. The European Central Bank concluded that Sweden wasted almost 50% of its annual spending. Scary reading actually. The results indicate that Sweden has the worst cost efficiency ratio of all European countries.

I guess this shouldn’t come as a surprise to most people. Except maybe those infected by the disease called social democracy. As long as we are under the yoke of socialism there will be little done about this. Trust me, these two are linked like tar and feathers.