Swedish PM Löfven to resign in November

Swedish Prime Minister Stefan Löfven will step down as party leader and prime minister in November.

In a speech Sunday, Löfven said that he would resign as both head of the Social Democrats and as the country’s leader at the party congress in November, explaining the decision had “matured for some time.”

“I have been party chairman for 10 years, prime minister for seven,” he said according to local media. “But everything has an end. I want to give my successor the very best conditions.”

Löfven’s decision puts a coda on an up-and-down few months for the union boss-turned politician.

In July, he won a tight vote in parliament to be reappointed as prime minister only weeks after he was forced to resign following a no-confidence vote at the end of June. The no-confidence vote was a result of a clash over housing market policy that resulted in the loss of support from allies in the Left Party.

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