Sven Otto Littorin

Sven Otto Julius Littorin is a Swedish former politician and architect of major structural reforms. As Minister for Employment in the cabinet of Fredrik Reinfeldt, he was in charge of the major overhaul of Swedish labor policies between 2006 and 2010. As President of the European Council of Ministers, in its Epsco formation, he oversaw the European Union response to labor market effects during the 2008 financial crisis. As party secretary of the Moderate Party 2002–2006, he played a major role in restructuring the party. As chief of staff to Minister for Fiscal and Financial Affairs during the Swedish banking crisis of 1992, he was one of the architects behind the Swedish banking rescue that Paul Krugman later proposed as a model for solving the 2008 financial crisis.