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CURRENCY

Sweden’s Debt Office announces krona purchase

Sweden’s National Debt Office (Riksgälden) announced plans to purchase up to 15 billion kronor ($1.9 billion) and increase its share of foreign currency debt in an effort to reduce the costs of servicing Sweden’s government debt.

Published: 17 December 2008 11:30 CET

“The krona has weakened sharply during the autumn and is now historically very weak,” the Debt Office said in a statement.

“In our view, the krona exchange rate is far from the levels that can be justified by more fundamental conditions. It should therefore be possible for it to strengthen considerably over time.”

On Wednesday, the krona reached historic lows against the euro, trading for as many as 11.13 kronor per euro before closing at 10.94.

As the krona has weakened against the euro, the costs of paying for Sweden’s 233 billion kronor worth of foreign debt has risen steadily throughout the autumn.

The Debt Office hopes that by buying krona while the currency is relatively undervalued and then selling following an expected appreciation, the agency can help reduce the costs of Sweden’s debt.

The agency said it plans to carry out the purchases gradually through the first quarter of 2009.

FOOTBALL

‘I’m fine — under the circumstances’: Collapsed Danish striker tweets from hospital

Christian Eriksen, the Danish football player who collapsed on the pitch in his country's opening Euro 2020 game, said that he was doing "fine" in an Instagram post from hospital on Tuesday.

Published: 15 June 2021 10:50 CEST
'I’m fine — under the circumstances': Collapsed Danish striker tweets from hospital
Danish striker Christian Eriksen tweeted a picture of himself in hospital. Photo: DBU

“I’m fine — under the circumstances, I still have to go through some examinations at the hospital, but I feel okay,” he wrote in a post accompanying a photo of him smiling and giving a thumbs-up while lying in bed.

In a scene that shocked the sporting world and beyond, the 29-year-old Inter Milan midfielder suddenly collapsed on the field in the 43rd minute of Denmark’s Group B game on Saturday against Finland in Copenhagen.

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Medical personnel administered CPR as he lay motionless on the field for about 15 minutes before being carried off the pitch and rushed to hospital. He was later confirmed to have suffered cardiac arrest.

“Big thanks for your sweet and amazing greetings and messages from all around the world. It means a lot to me and my family,” he wrote in Tuesday’s post. “Now, I will cheer on the boys on the Denmark team in the next matches. Play for all of Denmark.”

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