Anders Borg

Anders Borg
Minister for Finance
In office 6 October 2006 – 3 October 2014
Monarch	Carl XVI Gustaf
Prime Minister	Fredrik Reinfeldt
Preceded by	Pär Nuder
Succeeded by	Magdalena Andersson
Personal details
Born	11 January 1968 Stockholm, Sweden
Political party	Moderate Party
Alma mater	Uppsala University, Stockholm University
Occupation	Economist
Religion	Christianity[1]

Anders Erik Borg (born 11 January 1968) is a Swedish economist and politician who served as Minister for Finance in the Swedish Government from 2006 to 2014. He is a member of the Moderate Party.

Youth and education

Borg was born in Stockholm but grew up in Norrköping, Östergötland County. He became a member of the Moderate Youth League in the upper secondary school in Norrköping. From 1988 to 1991 he studied political science, economic history, and philosophy at Uppsala University. He also attended Stockholm University from 1995 to 1997, where his studies in economics included participation in graduate level courses despite the fact that he had not completed a bachelor's degree. He has yet to earn an academic degree.

During his period at Uppsala University, Borg was chairman of the Uppsala Student Union as well as the conservative Heimdal Association (Swedish: Föreningen Heimdal). From 1990 to 1991 he was vice chairman of the Confederation of Swedish Conservative and Liberal Students (Swedish: Fria moderata studentförbundet). As a teenager, Borg was a libertarian and advocate of drug legalization, on one occasion writing a newspaper article calling for drug decriminalization in Sweden.^{[2] [3]} He has admitted to smoking cannabis in his youth.^[4]

Professional career

From 1990 to 1991 Borg was an editorial writer for the newspaper Svenska Dagbladet. Following the centre-right parties' victory in the 1991 general election, Borg became a Political Adviser at the Prime Minister's Office with responsibility for coordination of the Ministry of Health and Social Affairs, the Ministry of Public Administration, the Ministry of Culture and the Ministry of Education and Science. From 1993 to 1994 he served as a Political Adviser to Prime Minister Carl Bildt.

Following defeat of the Moderate Party in the 1994 general election, Borg worked in the private Bank sector. From 1995 to 1998 he worked at the company Transferator Alfred Berg as responsible for economic and political analysis. From 1998 to 1999 he was Chief Economist at ABN Amro Bank in Stockholm and from 1999 to 2001 he was Head of the Economic Analysis Department at Skandinaviska Enskilda Banken (SEB) in Stockholm. Klas Eklund, senior economist at SEB, said that Borg "is very quick, he reads profusely, he soaks up information like a sponge and he's very receptive, very intelligent. Before he became minister of finance, he was a technocrat, a brilliant technocrat. He was like a volcano, always erupting with new ideas."^[2]

From 2001 to 2002 he served as an Adviser on monetary policy issues to the Executive Board of the Swedish National Bank (the Swedish central bank). He was recruited as Chief Economist of the Moderate Party in 2003 by Bo Lundgren and stayed in the team of the newly elected party leader Fredrik Reinfeldt. He also served as a Member of the Board of the Swedish Labour Market Administration (Swedish: Arbetsmarknadsstyrelsen) from 2005 to 2006.

Minister for Finance

Following the victory in the 2006 general election, Borg was appointed Minister for Finance in the new centre-right cabinet led by Prime Minister Fredrik Reinfeldt, that assumed office on 6 October 2006.

Borg has been recognised as the mastermind behind the new Swedish government's economic doctrine, focusing on proactive measures against unemployment. An incremental dismantling of the social democratic welfare state, with larger self-financing of welfare systems, lower taxes and fewer benefits have been seen as the way to create new motivation to work and more business opportunities and creation of jobs. He developed these new policies in his role as chief economist in the Moderate Party.

On 5 September 2007, Minister for Defence Mikael Odenberg resigned from the cabinet due to disagreement with Borg regarding funds for the Swedish Armed Forces.^[5]

On 29 November 2008, Borg, in an interview on Swedish TV4, criticized US President-elect Barack Obama's economic agenda calling it "untenable".^[6]

Although his policies have been described as economically liberal, Borg has a different view. "One can probably call me a quite pragmatic politician. For me, the highest priority is to make sure that we have sound public finances."^[2]

Recent work

Borg was advisor to the Finnish government from 2014 to 2015. In 2015, Borg is deputy chairman of Investment AB Kinnevik and Millicom. He is an adviser to Citigroup and chairman of the Global Financial System Initiative of the World Economic Forum.^[7]

Personal life

Borg recently divorced Susanna "Sanna" Borg (née Ölander), with whom he has three children. He used to live with his family in Bie, Katrineholm Municipality, Södermanland County. Borg has said that he will serve only two terms as Finance Minister, ultimately to spend more time with his family. Indeed, he describes his government service as "conscription," having never held an elected office.^[2] Currently, Borg is in a relationship with Dominika Peczynski, a PR professional and 1990s pop music star with her former band Army of Lovers.^[8]

Unlike most of the Moderate Party members of the cabinet, Borg describes himself as a feminist.^[9]

See also

• Feminist economics
• List of feminist economists

References

1. Higgins, Andrew (14 July 2007). "In Europe, God Is (Not) Dead". The Wall Street Journal. Stockholm. Retrieved 8 November 2015.
2. "Anders Borg: Sweden's long-haired maverick minister". The Local. 22 July 2009. Retrieved 2 Jul 2012.
3. Hakelius, Johan (2006-03-27). "Räkna med Borg". Aftonbladet (in Swedish). Retrieved 2007-07-30.
4. Holmqvist, Anette (2006-10-07). "Borg: Jag har prövat marijuana" [Borg: I have tried marijuana]. Aftonbladet (in Swedish). Retrieved 2007-01-25.
5. "Report: Swedish defense minister resigns". GMA News and Public Affairs. 2007-05-09. Retrieved 2010-09-10.
6. Wiman, Erik (2008-11-29). "Anders Borg sågar Obamas modell". Aftonbladet (in Swedish). Retrieved 2010-09-10.
7. Karlsson, Pär (2015-11-09). "Jag har roligt med Dominika" [I have fun with Dominika]. Aftonbladet (in Swedish). Retrieved 9 November 2015.
8. Svensson, Niklas; Selåker, Johannes (16 February 2015). "Anders Borg skiljer sig - hon är nya kärleken". Expressen (in Swedish). Retrieved 9 November 2015.
9. Olsson, Lova (2007-01-14). "Borg går gärna mot strömmen". Svenska Dagbladet (in Swedish). Retrieved 2007-01-25.

External links

• Anders Borg at the Government Offices of Sweden (English)
• Anders Borg at the Moderate Party (Swedish)