Berliner Boersenzeitung - Sweden conservatives to form new government after narrow election win

EUR -
AED 4.056448
AFN 75.649083
ALL 98.676574
AMD 427.596069
ANG 1.989611
AOA 1054.137255
ARS 1071.539659
AUD 1.603733
AWG 1.990657
AZN 1.893148
BAM 1.951006
BBD 2.228953
BDT 131.925847
BGN 1.953468
BHD 0.416327
BIF 3194.437749
BMD 1.104386
BND 1.422592
BOB 7.628016
BRL 6.013052
BSD 1.103953
BTN 92.723233
BWP 14.553779
BYN 3.61279
BYR 21645.97403
BZD 2.225162
CAD 1.490679
CDF 3169.041998
CHF 0.938579
CLF 0.03648
CLP 1006.592838
CNY 7.772894
CNH 7.77255
COP 4621.85721
CRC 570.393331
CUC 1.104386
CUP 29.26624
CVE 110.714548
CZK 25.330094
DJF 196.271466
DKK 7.459551
DOP 66.870123
DZD 146.749713
EGP 53.416959
ERN 16.565796
ETB 133.516832
FJD 2.422527
FKP 0.841055
GBP 0.832249
GEL 3.009468
GGP 0.841055
GHS 17.505032
GIP 0.841055
GMD 77.307359
GNF 9536.919864
GTQ 8.534031
GYD 230.855453
HKD 8.576571
HNL 27.488072
HRK 7.508735
HTG 145.562341
HUF 400.028093
IDR 16882.755357
ILS 4.180445
IMP 0.841055
INR 92.717439
IQD 1446.746223
IRR 46494.668932
ISK 149.511482
JEP 0.841055
JMD 174.206439
JOD 0.782675
JPY 161.509857
KES 142.466392
KGS 93.207288
KHR 4486.565165
KMF 491.396563
KPW 993.947161
KRW 1462.738186
KWD 0.337799
KYD 0.919911
KZT 533.422431
LAK 24376.33278
LBP 98953.023892
LKR 325.66686
LRD 214.002487
LSL 19.205036
LTL 3.260966
LVL 0.668032
LYD 5.22925
MAD 10.774944
MDL 19.312934
MGA 5019.436909
MKD 61.457047
MMK 3587.004045
MNT 3752.70504
MOP 8.828029
MRU 43.91592
MUR 51.077996
MVR 16.963323
MWK 1916.110321
MXN 21.461133
MYR 4.609157
MZN 70.547929
NAD 19.205408
NGN 1845.142757
NIO 40.586343
NOK 11.684905
NPR 148.356773
NZD 1.762274
OMR 0.42519
PAB 1.103953
PEN 4.106657
PGK 4.331128
PHP 62.090256
PKR 306.685571
PLN 4.293689
PYG 8601.592567
QAR 4.021126
RON 4.97581
RSD 117.021855
RUB 104.806238
RWF 1472.699305
SAR 4.145129
SBD 9.158195
SCR 14.634791
SDG 664.287566
SEK 11.334787
SGD 1.427176
SHP 0.841055
SLE 25.232251
SLL 23158.425568
SOS 630.604526
SRD 34.200605
STD 22858.569356
SVC 9.658961
SYP 2774.803967
SZL 19.072898
THB 36.3452
TJS 11.735166
TMT 3.865353
TND 3.365083
TOP 2.586585
TRY 37.777366
TTD 7.487535
TWD 35.293431
TZS 3009.452752
UAH 45.560211
UGX 4054.908244
USD 1.104386
UYU 45.987006
UZS 14075.405418
VEF 4000697.861428
VES 40.720566
VND 27239.691299
VUV 131.114976
WST 3.08948
XAF 654.328523
XAG 0.034845
XAU 0.000416
XCD 2.984659
XDR 0.814691
XOF 651.035178
XPF 119.331742
YER 276.455534
ZAR 19.180216
ZMK 9940.804463
ZMW 28.895087
ZWL 355.61198
  • BCC

    -1.8600

    139.53

    -1.33%

  • CMSC

    0.0100

    24.78

    +0.04%

  • RBGPF

    -1.3000

    59.5

    -2.18%

  • SCS

    -0.3300

    12.87

    -2.56%

  • NGG

    -1.2700

    68.78

    -1.85%

  • CMSD

    -0.0100

    24.93

    -0.04%

  • GSK

    -0.8500

    39.45

    -2.15%

  • BCE

    -0.3900

    34.44

    -1.13%

  • BTI

    -0.4800

    35.97

    -1.33%

  • RIO

    -0.3400

    70.82

    -0.48%

  • JRI

    -0.1500

    13.38

    -1.12%

  • RYCEF

    -0.0300

    6.9

    -0.43%

  • VOD

    -0.2100

    9.74

    -2.16%

  • AZN

    0.9100

    79.58

    +1.14%

  • RELX

    -0.0500

    47.29

    -0.11%

  • BP

    0.2800

    32.37

    +0.86%

Sweden conservatives to form new government after narrow election win
Sweden conservatives to form new government after narrow election win / Photo: Fredrik SANDBERG - TT News Agency/AFP

Sweden conservatives to form new government after narrow election win

The leader of Sweden's conservatives, Ulf Kristersson, was working to form a new government on Thursday after a narrow election win by a coalition of right and far-right parties.

Text size:

"I now begin the work of forming a new and strong government," Kristersson said on Wednesday as vote tallies were being finalised. "Now we will restore order in Sweden!"

With 176 seats -- 73 of them going to the far-right Sweden Democrats -- the four-party coalition will have a slim majority over the left, which won 173, according to a tally by the country's elections authority that includes 99.9 percent of voting offices.

Sunday's election was so close that it took until Wednesday for tens of thousands of votes from abroad and those cast in advance to be counted to validate the results.

Acknowledging her camp's defeat on Wednesday, Prime Minister Magdalena Andersson announced that she would resign.

Speaking at a press conference, Andersson, leader of the Social Democrats, noted that the right would enjoy a "narrow majority, but a majority nonetheless".

"So tomorrow I will hand in my resignation as prime minister, and the responsibility for the continued process will go to the speaker," Andersson said.

- 'Making Sweden great again' -

Never before has a Swedish government relied on the support of the anti-immigration and nationalist Sweden Democrats, who became the big winners of the vote.

With the vast majority of votes counted, the party emerged as Sweden's second largest behind the Social Democrats, who have dominated Swedish politics since the 1930s.

However, the post of prime minister will in all likelihood go to Kristersson, the leader of the Moderate party, as Sweden Democrats leader Jimmie Akesson is unable to unite all four parties to head the government.

Kristersson, a former gymnast, led a major U-turn for his party when initiating exploratory talks in 2019 with the Sweden Democrats and then deepening their cooperation.

The Christian Democrats, and to a lesser extent the Liberals, later followed suit.

At the same time the thorny question remains of whether the far-right would be given cabinet posts, which Akesson said on Sunday was their "goal".

In a post to Facebook on Wednesday, Akesson thanked "friends of Sweden" around the country, and noted that negotiating a new government was "a process that will take the time it needs".

"Now the work begins of making Sweden great again," the party leader said.

The head of Italy's anti-immigrant League, Matteo Salvini, hailed the party's success.

"Even in beautiful and democratic Sweden, the left is defeated and sent home," Salvini said in a statement on Wednesday.

The Sweden Democrats rose up out of neo-Nazi groups and the "Keep Sweden Swedish" movement in the early 1990s, entering parliament in 2010 with 5.7 percent of votes.

- Difficult situation -

Long shunned as "pariahs" on the political scene, the party has registered strong growth in each subsequent election as it made efforts to clean up its image.

Its hardline stance on soaring gang shootings and integration set the tone in this year's election.

The narrow majority means a right-wing government's hold on power would be very fragile, with the four parties fiercely opposed on a number of issues, especially the Liberals and Sweden Democrats.

"This is a difficult parliamentary situation," Gothenburg University political scientist Mikael Gilljam told AFP.

"And then you have parties that don't like each other, the Sweden Democrats and the Liberals" in the same right-wing bloc, he added.

In such a situation, a few disgruntled MPs could end up flipping the balance of power, and support for the Sweden Democrats has been a divisive issue among parties and voters alike.

"It's scary, it's strange... We're seeing an idiocracy winning more and more ground," 39-year-old art curator Anna Senno told AFP in Stockholm shortly after Andersson's announcement.

Behind the Sweden Democrats with 73 seats -- 11 more than in the last elections in 2018 -- the Moderates have 68 (-2), while the Christian Democrats have 19 (-3) and the Liberals 16 (-4).

On the left, the Social Democrats climbed to 107 seats (+7) after getting 30.3 percent of the vote, ahead of the Left and Centre parties (24 seats each) and the Green Party (18).

Formally, the process of political changeover can only start after Andersson's official resignation on Thursday.

Then the speaker of the Riksdag, the Swedish parliament, can give Kristersson the task of forming a majority between the four parties, opening a period of negotiations.

(P.Werner--BBZ)