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Sweden’s Finance Minister Anders Borg has been ranked by the Financial Times as Europe’s fourth best finance minister as he “has established himself as one of Europe’s most authoritative economic voices”.

The ranking points out how Europe’s finance ministers have performed in 2010 against a backdrop of eurozone turmoil with this interactive graphic.

Germany’s Wolfgang Schaubler was ranked as Europe’s best finance minister, followed by Poland’s Jacek Rostowski and France’s Christine Lagarde.

The 42-year-old Swede was hailed for his central role in the re-election of the his center-right government in September and the country’s strong public finances. Also last year the FT put Borg at number four in the chart.

“Anders Borg has had a good crisis. He has established himself as one of Europe’s most authoritative economic voices, and his reputation has been enhanced by Sweden’s rapid recovery from recession”, the newspaper said.

Sweden's economy increased 6.9 percent in the third quarter after recording a revised 4.5 percent growth in the second quarter. The record expansion -- the fastest since 1971 -- was much stronger than expected.

Sweden's central bank raised its benchmark interest rate by 0.25 points to 1.0 percent last month, the third increase since July as the country's economy makes a strong recovery from recession.

“The budget is on course to return to surplus next year, allowing the government tp pledge both tax cuts and increased spending during its second term. But Mr Borg, a trained economist, has warned against complacency. Sweden remains heavily dependent on exports – making it exposed to any renewed downturn in global demand”, the FT points out.

Last Updated (Monday, 06 December 2010 10:18)