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Sweden Turns Japanese

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PAUL KRUGMAN
Nobel Prize-winning Economist Paul Krugman, professor of international trade and economics at Princeton University, pauses during a Bloomberg Television interview in New York, U.S., on Monday, Jan. 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the U.S. economy compared with that of Japan. Photographer: Scott Eells/Bloomberg via Getty Images | Getty Images

Three years ago Sweden was widely regarded as a role model in how to deal with a global crisis.

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