Look around on the web for lock removal. If needed, removing the steering wheel is not a hassel, 2 T27 or T30 screws on the rear side - just make sure the battery is disconnected for the duration, otherwise you will get an SRS error that only the dealer can erase (for an hour's worth of labor charge).
The steering column stays put. You should be able to see the 2 broken off bolts with the plastic removed. If you have a punch and a hammer, see if you can get enough room to tap the screw in a counter clockwise rotation. Once the screw moves, it is easy to get out.
OK, good news regarding the electrical portion of the switch. I just looked at an old switch from my 1994 850, should be the same as yours, and it turned with a screwdriver without being pushed in. There is a center pin that is spring loaded whose purpose is beyond me. If your 'pin' is missing...
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My back feels better when I sit in a Volvo seat
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