The Week That Was, December 3rd – December 9th 2018

Posted on 09. Dec, 2018 in: TWTW

Politics/Economy:

The UN joined the chorus of criticism against the government’s plan to relocate failed asylum seekers and criminal refugees to a deserted island. UN High Commissioner for Human Rights Michelle Bachelet said she has ‘serious concerns’ about the plan which is ‘very likely’ to cause harm but Integration Minister Inger Støjberg said it’s impressive that a person can sit in an office in New York and offer an opinion about a holding centre that hasn’t even built yet. The Finance Ministry estimated the costs of the project at around DKK759m (€100m)...or DKK1.8m per resident.

Ms Støjberg said Denmark and Austria are still working on a joint plan to house failed asylum seekers at a transit shelter outside the EU.

Prime Minister Lars Løkke Rasmussen decided to travel to Morocco this week to sign the controversial Global Compact for Safe, Orderly and Regular Migration, after Minister for Immigration and Integration Inger Støjberg and Minister for Development Aid Ulla Tørnæs both declined to attend.

The Social Democrats summoned the prime minister to a consultation to explain why he accepted a DKK50,000 donation for his charitable ‘Løkke Foundation’, allegedly in return for a political favour.

Denmark no longer has the highest rate of taxation among developed nations - a new Organisation for Economic Cooperation and Development (OECD) report showed France had the highest tax-to-GDP ratio in 2017 (46.2%), overtaking Denmark.

Analysts predicted the National Bank will be forced to intervene and buy up the krone this month, which has slipped to its lowest exchange rate against the euro for almost three years.

EU/Foreign Affairs:

Addressing the 25th OSCE Ministerial Council in Milan, Thursday, Foreign Minister Anders Samuelsen stressed Denmark’s ‘unwavering support for the sovereignty, independence, unity and territorial integrity of Ukraine’ and urged Russia to accept internationally recognised borders.

Mr Samuelsen called on Russia to dismantle its long-range missile systems, after the USA threatened to scrap the landmark Intermediate-Range Nuclear Forces Treaty (INF)within 60 days.

The latest risk assessment report from Military Intelligence (FE) warned that Russia is one of the biggest security threats to Denmark and could attempt to influence next year’s general election.

Denmark won’t be supporting a joint German/French proposal for a financial transaction tax for the European Union - Finance Minister Kristian Jensen said it would be damaging for ‘small savers’.

The ruling Liberals urged the Justice Ministry to investigate possible espionage by Huawei, a close partner of Danish telecom company TDC, after the head of British intelligence agency MI6 warned of a growing security threat from the Chinese phone company.

Lithuania’s justice minister dismissed reports his country is ready to build a brand new prison to house criminal refugees sentenced to deportation from Denmark.

Crown Prince Frederik and Crown Princess Mary’s embarked on an official visit to Latvia, where President Raimonds Vejonis characterised Denmark as an important partner in his country’s defence and regional security.

Social Affairs:

A new report by the Economic Council of the Labour Movement (ECLM), based on Statistics Denmark figures, claimed 64,500 minors were living in relative poverty in 2017 compared to 52,000 the previous year.

New figures showed the state has spent DKK143.2m (€19m) since 2016 running and operating the controversial Kærshovedgård departure centre in Jutland for failed asylum seekers, yet over the same period only 28 residents have returned home.

A new report showed Denmark, alongside Britain, are best in terms of implementing measures to fight climate change.

To read all the above articles in full see:  http://seven59.dk/archive (subscription required)

Business:

Danske Bank has set aside around DKK18bn ($2.7 bn) to pay potential fines and deal with the fallout of the money laundering scandal - the National Bank warned the scandal could affect Denmark’s financial stability.

AP Moller Maersk, the world’s biggest container shipper, pledged to cut net carbon emissions to zero by 2050.

Scandinavia’s flagship airline, SAS, declared an annual pre-tax profit of around DKK1.5m for its 2017-18 fiscal year but expressed concern that higher fuel costs, currency fluctuation and tougher competition will make the next 12 months much tougher.

628 Mercedes Benz top of the range premium cars costing DKK460.000 each (€60,000), were sold in Denmark last month.

Shipping line D/S Norden announced it carried out the word’s first-ever voyage fuelled solely by biofuel in September. when a company ship travelled from the Netherlands to Estonia.

And That Was The Week That Was, December 3rd – December 9th 2018: To read all the above articles in full see: http://seven59.dk/archive (subscription required).

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