Eclipse won't start on Linux "Could not load SWT library" with Oracle Java 7

Problem:
When starting Eclipse on Linux (64bit Ubuntu 12.04) you get an error message:
An error has occurred.  See the log file
/home/<user_name>/.eclipse/org.eclipse.platform_3.70_155965261/configuration/1335552227148.log.

Opening the log file reveals the following:
!SESSION 2012-04-27 11:43:47.016 -----------------------------------------------
eclipse.buildId=I20110613-1736
java.version=1.7.0_03
java.vendor=Oracle Corporation
BootLoader constants: OS=linux, ARCH=x86_64, WS=gtk, NL=en_US
Command-line arguments:  -os linux -ws gtk -arch x86_64


!ENTRY org.eclipse.osgi 4 0 2012-04-27 11:43:48.075
!MESSAGE Application error
!STACK 1
java.lang.UnsatisfiedLinkError: Could not load SWT library. Reasons: 
no swt-gtk-3740 in java.library.path
no swt-gtk in java.library.path
Can't load library: /home/maj/.swt/lib/linux/x86_64/libswt-gtk-3740.so
Can't load library: /home/maj/.swt/lib/linux/x86_64/libswt-gtk.so


at org.eclipse.swt.internal.Library.loadLibrary(Library.java:285)
at org.eclipse.swt.internal.Library.loadLibrary(Library.java:194)
at org.eclipse.swt.internal.C.<clinit>(C.java:21)
at org.eclipse.swt.internal.Converter.wcsToMbcs(Converter.java:63)
at org.eclipse.swt.internal.Converter.wcsToMbcs(Converter.java:54)
at org.eclipse.swt.widgets.Display.<clinit>(Display.java:132)
at org.eclipse.ui.internal.Workbench.createDisplay(Workbench.java:695)
at org.eclipse.ui.PlatformUI.createDisplay(PlatformUI.java:161)
at org.eclipse.ui.internal.ide.application.IDEApplication.createDisplay(IDEApplication.java:153)
at org.eclipse.ui.internal.ide.application.IDEApplication.start(IDEApplication.java:95)
at org.eclipse.equinox.internal.app.EclipseAppHandle.run(EclipseAppHandle.java:196)
at org.eclipse.core.runtime.internal.adaptor.EclipseAppLauncher.runApplication(EclipseAppLauncher.java:110)
at org.eclipse.core.runtime.internal.adaptor.EclipseAppLauncher.start(EclipseAppLauncher.java:79)
at org.eclipse.core.runtime.adaptor.EclipseStarter.run(EclipseStarter.java:344)
at org.eclipse.core.runtime.adaptor.EclipseStarter.run(EclipseStarter.java:179)
at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:57)
at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
at java.lang.reflect.Method.invoke(Method.java:601)
at org.eclipse.equinox.launcher.Main.invokeFramework(Main.java:622)
at org.eclipse.equinox.launcher.Main.basicRun(Main.java:577)
at org.eclipse.equinox.launcher.Main.run(Main.java:1410)
at org.eclipse.equinox.launcher.Main.main(Main.java:1386)

Solution:
Execute the following command to create a symlink to the current version of swt:

ln -s /usr/lib/jni/libswt-* ~/.swt/lib/linux/x86_64/

References:

1. StackOverflow: Ubuntu - Eclipse cannot load SWT libraries. Not opening