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Swedish report Swedish report
by Euro Reporter
2012-05-08 08:28:19
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The National Library of Sweden chooses Beijer Electronics' Building Automation Solution

Beijer Electronics has received a strategic order from the National Property Board of Sweden. The Authority, in charge of managing state property, has chon an automation solution from Beijer Electronics through the building automation integrator Nordomatic to ensure the building management of the National Library of Sweden in Stockholm. The National Library is responsible for collecting and prerving all Swedish publications and audiovisual material, and for making this part of the cultural heritage available to the public. The new automation solution will manage the HVAC (heating, ventilation and air conditioning), humidity control, lightning, energy measurement and elevator monitoring of the historic building.

"Building automation is a gment we're prioritizing, and this order is a strategic milestone", commented Magnus Buhre, Beijer Electronics' Manager of Building Automation. "The targeted effort has, in addition to the delivery to the National Library, also resulted in prestigious orders for Sweden's new national stadium Friends Arena, the Vasa Muum and the National Muum."

Beijer Electronics will deliver both hardware and software for the National Library. The solution includes approx. 1,800 I/O's, the recently introduced iX HMI solution and PLC systems. The products complement the previously delivered SCADA system. Beijer Electronics was chon as supplier bad on the ability to meet high quality standards combined with the capability to deliver ready-made software applications for HVAC.

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Reinfeldt warns Hollande cannot afford election promises

Sweden's Prime Minister Fredrik Reinfeldt was in the midst of a debate with opposition leader Stefan Löfven when news of Francois Hollande's win came through. Reinfeldt said he congratulated Hollande on his win, but warned that he had put forward spending promises that ran the risk of not being affordable. He noted that France's sovereign debt is about 90% of GDP. Analysis of Hollande's win by Swedish centre-left newspaper Dagens Nyheter meanwhile suggested that Europe "will be holding its breath" after the lurch to the left represented by the near unprecedented switch at the top of French politics - only once before in the history of the fifth republic has a sitting president not won a second term in office.

However, it added that the reception was not as jubilant as when Francois Mitterrand won for the Socialists in 1981.  "Hollande is not a [leader] of the French left of the same calibre as Mitterrand. The key explanation to the election win instead is a deep and broad dissatisfaction with the departing French president." The paper added: "The change of power leads, however, to several tricky questions about economic policy. Hollande has gone into the election on proposals that could lead...to Europe holding its breath."

"Will he push through all the tax increases and expensive reforms that he promised during the campaign? That could seriously jeopardise the country's economy and thereby influence others. And if Hollande tears up the EU financial treaty it will mean big problems."

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Sweden plans to proceed with tougher bank capital rules

Sweden will proceed with plans to require its banks to hold bigger capital cushions than foreseen by an EU proposal after the bloc's finance ministers failed to reach agreement on the amount in talks in Brussels, the country's finance minister said Thursday. "This is a great success for Sweden," Anders Borg told reporters. He said Swedish taxpayers can feel a bit safer as the country's banks will be more stable and the risks associated with the bank sector will be reduced.

But other countries criticized Sweden and the U.K. for demanding the right to make their rules tougher than those spelled out in the European Commission's draft Capital Requirements Directive. European officials worry that countries with tougher rules would have an unfair competitive advantage at a time with much of the financial industry is struggling. The proposal is an attempt to write into EU law new international standards to help prevent financial crises like the one triggered by the collapse of the U.S. investment bank Lehman Brothers in 2008. The rules are known as Basel III after the Swiss town where they were approved.

Sweden announced plans in November to require its banks from 2015 to hold in reserve top-quality, or Core Tier 1, capital equal to 12% of risk-weighted assets. Borg said the country's banks will be more stable and the risks associated with the bank sector will be reduced. The European Commission's original proposal had taken as its benchmark the minimum Basel ratio of 8% capital to risk- weighted assets. After hours of talks in Brussels on Wednesday, the U.K. rejected a compromise text allowing member states to set the bar at up to 11%.



       
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