I think the banking crisis was milder in Sweden because of the handling of the crisis in the beginning of the 1990s. Then, the shareholders of the Swedish banks

I think the banking crisis was milder in Sweden because of the handling of the crisis in the beginning of the 1990s. Then, the shareholders of the Swedish banks were hurt to save the banks, so the banks knew they would not get _free_ money from the state in the next crisis (which makes the banks a bit of an exception in Sweden, but that is another discussion.) After reading the article, it seems both more complex and simpler than that. Really good.