The currency in Sweden is called the krona. It is an exceedingly industrialized nation that maintains one of the highest living standards on the planet. They have an export-oriented market economy. The Swedish stock market is called the Stockholm Stock Exchange or SSE. It was created over one hundred years ago, in 1863. The SSE is located in Stockholm. Swedish banks greatly resemble the way banks in America run. Their fees and rates are lower than the average country in the European Union. A lot of nations experienced a significant decline in their Gross Domestic Product numbers at the end of last year. The worldwide financial problem is not expected to end anytime soon. Sweden’s economy, like most countries, has been hit hard for the last several months. In an effort to free up credit in the economy they have put fifty billion of their own money into the banking system. Companies that agree to receive government money must also agree to the stipulations that come with it. They are prohibited from raising the salaries of top company officials for a set number of years. The hope is that the companies will be able to pay back the money with interest at a later date. Sweden had an unemployment rate of 6.1 percent in 2007. Since 2007, the unemployment rate has gone up. According to highbeam.com, the EU unemployment rate, on the increase due to the recession currently affecting businesses, was 7.6% in January 2009, compared with 7.5% in December 2008 and a 6.8% in January 2008, announced Eurostat, on 27 February. Unemployment for young people in the country is even worse.