Riksbank raids euro swap line to shore up stabilit

The Riksbank on Wednesday said it would tap €3 billion ($4.2 billion) from a swap line set up with the European Central Bank (ECB) to ensure it was "well-prepared to continue safeguarding stability."

It is the first time that the swap line, worth up to €10 billion, has been used since it was set up in December 2007. The decision to borrow from the facility comes after the central bank announced on 27 May that it would borrow Skr100 billion ($13 billion) from Sweden's national debt office to e

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