he took over the portfolio, although it was explicitly stated that this was not a long-term solution. The Prime Minister's intentions instead became public on 21 October 2004, when Göran Persson announced a restructuring of his government in which Pär Nuder was to take over as Minister of Finance after Bosse Ringholm. Responding to media questions on whether his plan was to be the next Prime Minister, he simply answered that he did not "think about it" and was concentrating on his tasks as Minister of Finance. He also restated the government's goal to get the rate of open unemployment below four percent again. In December 2004 he introduced the controversial term köttberg (mountain of meat) to describe the baby boomer generation (born in the 1940s) during a speech. This speech addressed the potential pension bomb Sweden is facing. During early 2008, he lost his position as Social Democratic candidate for finance minister due to quarrels with party leader Mona Sahlin. Nuder himself replied: "If [Mona Sahlin] believes there is another person better suited to speak for the economic policy of Social Democracy in Sweden, then I won't hesitate to step aside for that person." He was succeeded as economic advisor for the Social Democratic party and its candidate for finance minister for the election in 2010 by Thomas Östros, earlier Minister of Education. Private sector Pär Nuder is currently chairman of the Third National Pension Fund (AP3) and a board member of several companies in Sweden. He is a senior counselor of the strategy firm Albright Stonebridge Group, advising clients on financial trends and providing strategic advice to clients seeking to enter the European market. He is an advisor to the private-equity fund EQT and several other Nordic companies and a member of the President's Advisory Council, Tokyo University. He is a columnist at the business newspaper Dagens industri and has written an autobiography called Stolt men inte nöjd: en kärleksförklaring till politiken. References External links 1963 births Living people People from Täby Municipality Swedish people of Estonian descent Swedish Social Democratic Party politicians Swedish Ministers for Finance Stockholm University alumni Members of the Riksdag 2002–2006