Swedish Left Party reject housing compromise, PM Lofven set for no-confidence vote

Stockholm: Sweden's Prime Minister Stefan Lofven on Sunday appeared to have failed to stave off a no-confidence vote on Monday he is likely to lose after the Left Party dismissed his compromise for a new system of setting apartment rents.

Lofven earlier on Sunday offered a compromise that would mean counterparts in the housing market would work to reach an agreement for a new rent-setting model for new production, which has been the norm in Sweden. "We are giving the counterparts an opportunity to find a solution. We now expect that other political parties are prepared to be responsible and not plunge Sweden into a political crisis," Prime Minister Stefan Lofven told a news conference.