Leif Pagrotsky is a Swedish Social Democratic politician, who had various posts in the government of Göran Persson between 1996 and 2006. In 1997 Prime Minister Göran Persson made Pagrotsky Minister of Trade and in 2002 Minister for Industry and Trade. One of his most publicly known activities during this period was his efforts to promote Swedish popular music export. In 2004, he switched posts with former Minister of Education Thomas Östros. At the same time, the responsibility for cultural matters, previously belonging to a separate ministry, was added to Pagrotsky’s portfolio. Pagrotsky has a Bachelor of Arts and a Master of Science in economics from Gothenburg University. Before joining the Cabinet, Pagrotsky worked at the Central Bank of Sweden and in the Ministry of Finance.
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Regulation and supervision of banks and financial markets are now upgraded in the euro area. Surveillance of macroeconomic performance of all EU countries is also intensified.
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Did the so-called “Scandinavian approach” offer a better alternative than the Geithner plan?