Enter multiple symbols separated by commas

Swedes want more welfare: Prime Minister

Swedes would like more substantial welfare benefits, said Fredrik Reinfeldt, the Prime Minister of Sweden — a country which already has one of the best-funded benefits systems in the world.

"What do Swedes want? Well, they want more welfare and better living conditions," Reinfeldt told CNBC on Thursday at the World Economic Forum in Davos, Switzerland.

He added: "To be honest, most of them (the Swedes) have already seen that coming into place in the last few years. Many European countries have been in recession… That has not been true for Sweden."

(Read more: Southern Europe risks a 'lost generation': World Bank)

Swedish economic growth fluctuated around the zero mark in the second and third quarters of 2013, with reasonably strong domestic demand counteracted by weak industrial production and sluggish demand from abroad — Sweden is export-dependent and Europe is an important market.

"Lot of the structural reforms are still needed in Europe... We are facing a tremendous global competition which is affecting Europe," Reinfeldt said.

Reinfeldt has led the country since 2006 and heads the Moderate Party.

—By CNBC's Katy Barnato. Follow her on Twitter: @KatyBarnato

Davos: Top interviews and more


Latest Special Reports

  • Financial Advisor

    Featuring CNBC's Financial Advisor Council, this video series will aim to educate investors with straightforward financial advice.

  • The latest CNBC Fed Survey.

  • Business icons and provocateurs share their innovative models. Learn how to upend old industries, and start new ones.

World Economy

  • Christine Lagarde

    "If I look at the global economy as it stands at the moment...we have a situation where growth is a little bit tepid," Lagarde said.

  • Shoppers look at a display of shoes and handbags at a store in Kuala Lumpur, Malaysia.

    Consumers in Southeast Asia remain the most upbeat globally, but external and domestic fears may be dampening their optimism, according to Nielsen.

  • A file photo shows an Iranian worker at the South Pars field in the southern Iranian port town of Asaluyeh.

    The Iran nuclear deal could help stabilize oil prices and even give them a boost, says Nasdaq's Tamar Essner. But here's what has to happen first.