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Sweden skeptical about Nordic group joining G-20

Sweden skeptical about Nordic group joining G-20

The chances of four Nordic countries joining the G-20 group of developed nations as a single unit are slim, Swedish Finance Minister Anders Borg said Sunday.
"We have had excellent discussions with the Norwegians, Danes and the Finns, but you have to have a realistic appraisal how the chances are," Borg told the Associated Press. "There is very limited interest from the G-20 countries to expand and especially add European countries."
Norwegian Foreign Minister Jonas Gahr Stoere suggested in a letter to his colleagues in Denmark, Finland and Sweden that the four countries establish a joint Nordic membership.
Stoere noted that oil-rich Norway by itself has the 23rd biggest economy in the world, and said the four Nordic countries combined would form the world's eighth or ninth biggest economy.
Denmark, Finland and Sweden are already represented in the G-20 because they belong to the European Union, which is a G-20 member. Norway is not in the EU.
Borg's comments came after he presented the outlines of next year's Swedish budget.
Swedish unemployment reached 9.8 percent in June and the government said Sunday that it expects the rate to climb to more than 11 percent near year.