dou ngoing or in the private sector Yes.
W Mm Mm Yeah But just going back to
w So does that mean that urn
what you've just said about the
unemployment is er high in Sweden at the
recession there seems to be quite a few
moment'
countries m the world at the moment
p Yes in fact u hen you hear the word
Japan
for instance, that are experiencing .1
Sweden you sometimes connect it with
bit of a downturn in the economy Do you
low unemployment figures but in fact
foresee any improvement in ter.ms of the
today we have had quite high
recession through out the globe' Do do
unemployment especially among young
you see that'
people and academic people yes
P
Yes I see in in some parts, there of course
w I see So the recession has hit the er
if you look at these trade areas as the
ordinary Swede fairly harshly'
European
market
p Yeah, that's right
W Right
w Mm Um One thing about Sweden that
P
and recently we have heard about the
I've always well um believed is that there "
the the er, agreement in America
is a particularly high taxation rate Is that
W Right
true
7
p
and some people m Australia for
p Yes, but since 2 or 3 years ago that had
example don't understand that this would
been changed not only the income
made it a little bit harder for Australian
taxation, also for example for taxation on
companies to export to these areas m
alcohol
America because
there will be a trade war
w Right
w Yes
p and just to move the country much
p
But the important thing is not only the
more towards the EC ' 'cos we are had in
facts always, sometimes it's the
EC plan enrolment for a couple of years
expectations So, I see some expectation in
ago
the world today, yes even if we have
w Right
especially in Europe we have some wars
p so we intend to be a part of the EC in
there as you know in the Eastern Europe
95, yes
and that's affect the whole economy but
v Right I don I know if you re aware but in
the expectation
is much more important
Australia people are constantly
than the effects
complaining about our high taxation rate I
w Yeah I'm not quite clear what you mean
don't think it s quite as high as Sweden's
by expectations Can you'
What do people think about taxation in
p
Expectations if you today if you have
Sweden'
seen the statements and comments in the
p Generally Well as most people as you said
newspaper about this agreement in the
hate the uord tax It s not so funny when
W Yes
the tax bill comes Um, but in fact 1 will
p
in America you
see that most people arc-
I'm not really er agree with you about that
quite positive even if they know that it
because 1 think Sweden have the lower
will in some cases hit Australia in a bad
taxes mm than Australia in fact
way
Especially v\ hen you if you have, a, in a
w This is um NAFTA
!
higher level of wages
p
NAFTA Yes Right And But the the
w Oh right What is the rate in Sweden'
dynamic effects are are forecast or
p Well It s not no it's not over 50% It had
expected to be more important than these
been
80%
smaller effects on special businesses in
w 80%'
Australia and throughout the world So
p Quite often quite often it's just 35 or 30%
right
Which 1 Ihink is quite alright
w So There'll
be long term gams
w Right Mm I'm not really aware of how
p
Right long term gains and with it big big
much it is in Australia but 1 thought it was
communities, like, or big areas with free
something like 39 or 40 %
trade, will create a high competition, and
p Well okay
then more movement of people and better
v 1 think so 1 m not really sure I'm not an
allocation of resources
economist
w Right Well that sounds as if um there
p Well okay It depends if you talk about
could be some improvement there
median or average figures it's working
p
We would hope so Yes
pretty good
w
I think Australians are waiting for an
improvement in our economy as well.
P. You’ve hit the recession. One of the first
countries who hit the
recession and that have
been with us a long time. Stucked because you
have had other your business
pa mers have hit the recession later on. So
yl have had been hi. a little bit harder
tnan we have had. That's right.
W
Yes Thai's a shame isn't ,t. Oh well we
hope, I hope we can all come out of this
safely and er we all do well in the end.
Okay. Thank you very much. It was nice
talking to you.
P. Thank you.
W. Good
Thai's the end of Phases 4 and 5 and the end
of the interview.
i
EC
—
European Community (now the
European Union)
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