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The Swedish government want to increase penalties for issuing fake bills and have appointed a committee to look into the growing problem of billing fraud in Sweden. Judge falls asleep twice during trial (6 Jan 12) Fake invoice fraud on the rise in Sweden: report (3 Jan 12) 'Wheelchair man' jailed for four years for fraud (10 Dec 11) "The real problem is that there is no experience among local police stations across the country to investigate this properly. There is no organized or functioning cooperation between different agencies, which is remarkable," said public prosecutor Tord Josefsson to news agency TT. Josefsson has recently appealed a billing fraud verdict in Helsingborg, in southern Sweden, and is set to discuss these issues with minister for justice, Beatrice Ask, on Wednesday. According to Josefsson, harsher legislation is not the answer to the increasing problem. He told TT that longer sentences are not the answer, as the maximum penalty for economic crime is five to six years but that it is unusual for courts to give out sentences this long. "That courts sentence fraudsters to this long sentences is very uncommon. It really only occurs when the activity is seen as particularly menacing to society," Josefsson told TT. Ask, however, told TT that the police and courts need to look closer at this kind of crime. "It is developing at an alarming pace and is becoming a huge problem. Fake bills have become a major source of income for organized crime," Ask said. Although the rules need to differ between individuals and small businesses, it is vital that there are clear guidelines in both cases, according to Ask. "It's not all about giving out harsher sentences but also to see on a larger scale what problems there are. Maybe one also needs to question whether the current legislation is adequate," Ask told TT.

The latest Brookings Institution tracking index shows that the world economy is still on life support from central banks and has worsen since the last autumn even with some current signs of stabilization.   According to the TIGER (Tracking Indices for the Global Economic Recovery) index, economic flaws extends crossways the Group of 20 leading economies but advanced economies have deteriorated more than developing countries. As reported in Springhill Group Home the outlook for growth and jobs has become more hesitant almost everywhere except in the US although financial markets recovered significantly in the first quarter of the year as investors welcomed the European Central Bank's massive injection of liquidity into the euro zone's banks. Professor of the Brookings Institution, Eswar Prasad stated on the latest news of Springhill Group Home that due to the lack of robust demand, policy tools that are stretched to their limits and unable to muster much traction and enormous risks posed by weak financial systems because of such scams and political uncertainty remains stammering. The TIGER index joins actions of real economic activity, financial variables and indicators of confidence according to what is the degree to which they are all moving up or down at the same time. With the use of refined statistical methods it can take the co-movements of data which are taken on a very different basis and across many countries specifically, South Korea.