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Document Type

Lessons Learned

Abstract

Bo Lundgren was Sweden’s cabinet minister for fiscal and financial affairs from 1991 to 1994, making him a key leader in managing the nation’s severe financial crisis during those years. Lundgren had a decades-long political career as a member of the Swedish Parliament from 1975 to 2004, was leader of the Moderate Party (1999–2003), and vice president of the European People’s Party in the European Union. He also served from 2004 to 2013 as director general of the Swedish National Debt Office, the country’s central financial agency. Drawing on his experiences in the Swedish crisis, Lundgren has shared his views with US and Irish government panels examining the 2007–09 Global Financial Crisis and the European debt crisis that followed. He has also written a book about the Swedish crisis. This summary is based on a Lessons Learned interview held in May 2022.

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