Bo Lundgren
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Bo Axel Magnus Lundgren (born 11 July 1947) is a
Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...
politician who served as the leader of the
Moderate Party The Moderate Party ( , , M), commonly referred to as the Moderates ( ), is a Liberal conservatism, liberal-conservative* * * * * List of political parties in Sweden, political party in Sweden. The party generally supports tax cuts, the free ma ...
from 1999 to 2003.The parliamentary election in Sweden, 2002
Anders Widfeldt, ''Electoral Studies'' 22, #4 (December 2003), pp. 778–784.
Lundgren also served as Minister for Sports from 1991 to 1994 and Director-General of the
Swedish National Debt Office The Swedish National Debt Office ( or shortly ''Riksgälden'') was founded by Gustav III at the Riksdag of the Estates in 1789, through the Act of union and security. It is a Swedish Government agencies in Sweden, Government agency. The first task ...
from 2004 to 2013. Lundgren served as Minister for Fiscal and Financial Affairs from 1991 to 1994 in the government of
Carl Bildt Nils Daniel Carl Bildt (born 15 July 1949) is a Swedish politician and diplomat who served as Prime Minister of Sweden from 1991 to 1994. He led the Moderate Party from 1986 to 1999, appearing as its lead candidate in four general elections, b ...
, with responsibility mainly for financial markets, taxation and housing. The country faced a severe financial crisis after the bursting of a speculation bubble which had developed in the 1980s. The Swedish government's management of the crisis attracted international attention, especially after the
late 2000s recession The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.
. Lundgren testified to the US Congressional Oversight Panel in 2009 and was also called to the European Parliament and the Irish Parliament to speak about management of financial crises.


Early life, education, and personal life

Bo Lundgren was born in
Kristianstad Kristianstad ( , ) is a Urban areas in Sweden, city and the seat of Kristianstad Municipality, Scania County, Sweden with 41,198 inhabitants in 2023. Since the 1990s, the city has gone from being a garrison town to a developed commercial city, ...
to Alf Lundgren (1913-1985) and Inez Nilsson (1918-2003). He earned a degree in business and administration from Lund University in 1972, and began training as a Reserve Officer in the
Swedish Army The Swedish Army () is the army, land force of the Swedish Armed Forces of the Kingdom of Sweden. Beginning with its service in 1521, the Swedish Army has been active for more than 500 years. History Svea Life Guards dates back to the year 1 ...
. He served from 1972 to 1978, and reached the rank of
Captain Captain is a title, an appellative for the commanding officer of a military unit; the supreme leader or highest rank officer of a navy ship, merchant ship, aeroplane, spacecraft, or other vessel; or the commander of a port, fire or police depa ...
. Lundgren received an honorary doctorate from
Lund University Lund University () is a Public university, public research university in Sweden and one of Northern Europe's oldest universities. The university is located in the city of Lund in the Swedish province of Scania. The university was officially foun ...
in 2010. He resides in
Lund Lund (, ;"Lund"
(US) and
) is a city in the provinces of Sweden, province of Scania, southern Swed ...
with his wife and two children.


Political career

Lundgren first became active in politics by becoming a board member of the Moderate Party's county association in
Kristianstad Kristianstad ( , ) is a Urban areas in Sweden, city and the seat of Kristianstad Municipality, Scania County, Sweden with 41,198 inhabitants in 2023. Since the 1990s, the city has gone from being a garrison town to a developed commercial city, ...
in 1969, and later became leader of the
Moderate Youth League The Moderate Youth League ( ; MUF), officially known in English as the Swedish Young Conservatives, is the youth wing of the Swedish Moderate Party. Of the political youth organizations that received financial support from the Swedish Agency ...
in Kristianstad from 1971 to 1974. He became a member of the
Riksdag The Riksdag ( , ; also or , ) is the parliament and the parliamentary sovereignty, supreme decision-making body of the Kingdom of Sweden. Since 1971, the Riksdag has been a unicameral parliament with 349 members (), elected proportional rep ...
in 1976, representing his home constituency of Skåne Northern and Eastern. Lundgren later served as Minister for Sports under Prime minister
Carl Bildt Nils Daniel Carl Bildt (born 15 July 1949) is a Swedish politician and diplomat who served as Prime Minister of Sweden from 1991 to 1994. He led the Moderate Party from 1986 to 1999, appearing as its lead candidate in four general elections, b ...
from 1991 to 1994.


Leader of the Moderate Party

In 1999, he succeeded Bildt as party leader and became leader of the opposition. He brought the party into the
2002 Swedish general election General elections were held in Sweden on 15 September 2002,Dieter Nohlen, Nohlen, D & Stöver, P (2010) ''Elections in Europe: A data handbook'', p1858 alongside 2002 Swedish municipal elections, municipal and 2002 Swedish county council electi ...
, becoming the coalitions candidate for
Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...
. During the elections, Lundgren was perceived to be a technocratic politician who put too much emphasis on budget numbers and tax cuts, which might have contributed to the party's poor showing that year. He was criticised for promising to cut taxes by 130
billion Billion is a word for a large number, and it has two distinct definitions: * 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of ...
Swedish kronor The krona (; plural: ''kronor''; currency sign, sign: kr; ISO 4217, code: SEK) is the currency of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usual ...
, a vision that according to his opponents might have jeopardised the
welfare state A welfare state is a form of government in which the State (polity), state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal oppor ...
, although the number seems to have been calculated by political opponents. He resigned one year later after the party's poor results in 2002.Lundgren, Bo
, Who's Who, ''The Local''. Accessed online December 19, 2007.
He was succeeded by
Fredrik Reinfeldt John Fredrik Reinfeldt (pronounced ; born 4 August 1965) is a Swedish economist, lecturer, former Prime Minister of Sweden from 2006 to 2014 and chairman of the liberal conservative Moderate Party from 2003 to 2015. He was the last rotating Presi ...
, who helped move the party to the political centre during Lundgrens time as leader.


Career after politics

Lundgren served as director general of the
Swedish National Debt Office The Swedish National Debt Office ( or shortly ''Riksgälden'') was founded by Gustav III at the Riksdag of the Estates in 1789, through the Act of union and security. It is a Swedish Government agencies in Sweden, Government agency. The first task ...
(Riksgäldskontoret) from 2004 to 2013. He played a further role in the government's response to the late 2000s recession, along with
Stefan Ingves Stefan Nils Magnus Ingves (born 23 May 1953) is a Finnish-born Swedish banker, economist and civil servant who served as the Governor of Sveriges Riksbank, the central bank of Sweden, from 2006 to 2022. He serves as the vice-chairman of the Ba ...
the head of
Sveriges Riksbank Sveriges Riksbank, or simply the Riksbank, is the central bank of Sweden. Founded in 1668, it is the world's oldest surviving central bank, and the third oldest bank in continuous operation. Prior to World War I, it was also the only state- ...
, which included the nationalisation of
Carnegie Investment Bank Carnegie Investment Bank AB is a Sweden, Swedish financial services group with activities in Security (finance), securities brokerage, investment banking and private banking. Founded in 1803, Carnegie is headquartered in Stockholm with offices a ...
. After leaving the Debt Office, he was appointed chairman of Sparbanken Öresund as well as of some other institutions. Lundgren is still respected among many Moderates for his principled stand on issues as a leader, especially since Fredrik Reinfeldt has been pursuing more
centrist Centrism is the range of political ideologies that exist between left-wing politics and right-wing politics on the left–right political spectrum. It is associated with moderate politics, including people who strongly support moderate policie ...
policies. Currently, he is on the advisory board of OMFIF where he is regularly involved in meetings regarding the financial and monetary system.


References

1947 births Living people People from Kristianstad Leaders of the Moderate Party Recipients of the Order of the Cross of Terra Mariana, 3rd Class Members of the Andra kammaren Members of the Riksdag 2002–2006 Members of the Riksdag from the Moderate Party {{Sweden-Moderate-politician-stub