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. He was the leader of the

Moderate Party The Moderate Party ( sv, Moderata samlingspartiet , ; M), commonly referred to as the Moderates ( ), is a liberal-conservative political party in Sweden. The party generally supports tax cuts, the free market, civil liberties and economic lib ...

from 1999 to 2003.The parliamentary election in Sweden, 2002
Anders Widfeldt, ''Electoral Studies'' 22, #4 (December 2003), pp. 778–784. 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 was Prime Minister of Sweden from 1991 to 1994. He was the leader of the Moderate Party from 1986 to 1999. Bildt served as Sweden's Minister for Foreign Affair ...

, 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 marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...

. 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. In 1999, he succeeded

as party leader and became leader of the opposition. He resigned four years later after the party's poor results in the Swedish parliamentary election 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, and former politician who was Prime Minister of Sweden from 2006 to 2014, and chairman of the liberal conservative Moderate Party from 2003 to 2015. He ...

, who would move the party to the political centre. He then served as director general of the

Swedish National Debt Office The Swedish National Debt Office ( sv, Riksgäldskontoret 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 agency. The first task of the ...

(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 Ban ...

the head of

Sveriges Riksbank Sveriges Riksbank, or simply the ''Riksbank'', is the central bank of Sweden. It is the world's oldest central bank and the fourth oldest bank in operation. Etymology The first part of the word ''riksbank'', ''riks'', stems from the Swedish w ...

, which included the nationalisation of

Carnegie Investment Bank Carnegie Investment Bank AB is a Swedish financial services group with activities in securities brokerage, investment banking and private banking. Founded in 1803, Carnegie is headquartered in Stockholm with offices across the Nordic region, a ...

. After leaving the Debt Office, he was appointed chairman of Sparbanken Öresund as well as of some other institutions. Lundgren earned a degree in business and administration from Lund University in 1972. He received an honorary doctorate from

Lund University , motto = Ad utrumque , mottoeng = Prepared for both , established = , type = Public research university , budget = SEK 9 billion 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 its only current meaning in English. * 1,000,000,000,000, i. ...

Swedish kronor, 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 (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 opportunity, equita ...

, although the number seems to have been calculated by political opponents. 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 a political outlook or position involving acceptance or support of a balance of social equality and a degree of social hierarchy while opposing political changes that would result in a significant shift of society strongly to Left-w ...

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 Municipality 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 {{Sweden-Moderate-politician-stub