Big money coming from eurozone spells trouble for Sweden

Stockholm

EUROPEAN Central Bank president Mario Draghi said boo last week and the krona jumped.

With the ECB signalling a new wave of stimulus to prop up the eurozone, the question is how Sweden's central bank can fight the monetary expansion coming from the south with its own, much smaller toolbox as it tries to stop the krona appreciating.

"The nightmare for the Riksbank board is maybe something like this: they are gathered in the south of Sweden, looking out over the Baltic Sea, when they see a giant wave of money com…