The Week That Was, August 7th – August 13th 2017   

Posted on 14. Aug, 2017 in: TWTW

Politics/Economy

Opposition leader Mette Frederiksen kick-started the new political season by inviting the Danish People’s Party (DPP) to form a ‘welfare alliance’ against the government’s proposals to cap public expenditure growth and cut income tax.

On the 10th anniversary of the global financial crisis, Prime Minister Lars Løkke Rasmussen said the Danish economy has fully recovered and is stronger than ever - he praised the Danish People’s Party (DPP) for helping to steer Denmark out of the crisis.

Just weeks before the government presents its long awaited proposals for tax reform, Danish People’s Party (DPP) leader Kristian Thulesen Dahl urged the prime minister to drop all moves to reduce tax for high earners and concentrate instead on issues the centre-right parliamentary alliance can agree on. The DPP also called for the 3-year residency requirement for family reunification to be roll backed and asylum seekers waiting for their spouses to be sent home instead.

Despite warnings of a ‘Big Brother’ society Defence Minister Claus Hjort Fredriksen is determined to give Defence Intelligence (FE) increased surveillance powers.

The Danish People’s Party (DPP) suggested scrapping the TV/Radio licence fee and slashing state-run network DR’s funding by 25%.

A majority of voters said Prince Henrik shouldn’t be allowed to choose his own burial site after he announced he has no wish to be laid to rest alongside his wife of 50 years, Queen Margrethe, in the Danish monarchy’s traditional resting place, Roskilde Cathedral – the Prince responded to widespread criticism of his decision by claiming he’s been ‘made a fool of’ by his wife. Monarchy experts characterised the public criticism of Queen Margrethe as ‘unprecedented’ in European history. PR experts urged the Royal Family’s press office to shield Prince Henrik from the media as his controversial outbursts could damage the monarchy for years to come.

Esben Lunde Larsen was removed as minister for fisheries but will remain in the cabinet with responsibility for food and agriculture. Minister for Gender Equality Karen Ellemann will also take on the shipping portfolio.

Inflation more than doubled to 1.5 percent in July from 0.6 percent in June, the fastest rate since December 2012 when the rate was 2.1 percent.

EU/Foreign Affairs

The Danish People’s Party (DPP) and Social Democrats could join together to block the government’s plan to join the EU’s proposed banking union -  the EU-sceptic DPP is firmly against joining, while the Social Democrats believe Denmark should only join if concessions are made to protect its $450 billion mortgage-bond market.

After talks in Copenhagen with Swiss President Doris Leuthard, Prime Minister Lars Løkke Rasmussen said there’s room for improvement in Denmark’s relationship with Switzerland but definite opportunities to improve trade.

Integration Minister Inger Støjberg took a fact-finding trip to Norway to explore for ways of tightening Denmark’s strict immigration policy even more.

The Prison Officers Union (PUF) dismissed a Danish People’s Party (DPP) proposal to send convicted criminals to Danish-owned prisons in Romania as ‘absurd’ and ‘political symbolism’.

France’s ambassador to Denmark, François Zimeray, offered an apology to a Danish fashion model who was shamed for being too fat.

The Danish Veterinary and Food Administration warned that around twenty tons of insecticide-tainted eggs, imported mainly from the Netherlands with some originating in Belgium and Germany, have been sold in Denmark

Chinese tourists are flocking to Denmark - tourist organisation Visit Denmark projected around 308,000 overnight guests next year, a 40% increase on 2016.

The Financial Action Task Force (FATF) estimated that around DKK21bn of money laundering is carried out in this country every year.

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

Social Affairs:

Social Democrat leader Mette Frederiksen accused the government of failing to take the gang conflict in Copenhagen seriously, following a spate of shooting episodes over the summer. The Danish People’s Party called for gang members to be stripped of their passport if convicted of criminality after Justice Minister Søren Pape Poulsen said he’s exploring the possibilities of banning the notorious immigrant street gang Loyal to Familia (LTF) - the alleged leader of LTF has on two occasions been given a conditional deportation order yet remains in Denmark. Mayor of Copenhagen Frank Jensen warned the police about the growing threat from street gangs four months ago but they failed to react.

Nearly 80% of the adult population of Denmark receive some form of public support during a calendar year - a new study by right-leaning think tank Cepos revealed nearly 3.5 million people collectively received DKK300bn in benefits in 2015.

State-run TV network DR came under fire for sending an 11-year-old girl to Iran to test the new hijab fashion trend, the headscarf that some Muslim women choose to wear over their heads.

The Danish Union of Journalists urged Israel not to close the Jerusalem office of the Qatari-owned Al-Jazeera network.

The immigration authorities denied visas to three gay rights activists from Uganda who were personally invited to this week’s Copenhagen Pride festival.

Business:

The Danish Financial Supervisory Authority (FSA) announced plans to lower the liquidity demands for most banks - from June next year banks will be guided to hold enough liquidity to be able to keep functioning for 90 days in case international loan markets freeze up as they did in the global financial crisis a decade ago

Vestas won a major order from the Southern Power energy utility in Texas for the Cactus Flats project.

Jewellery maker Pandora posted Q2 results below expectations but maintained its full-year guidance.

Dong Energy entered into an agreement to sell 50% of the 450MW Borkum Riffgrund 2 offshore wind farm in the German North Sea to Global Infrastructure Partners (GIP) for approximately DKK8.8bn (€1.17b).

AP Moller Holding, the investment foundation behind the Maersk shipping empire, teamed up with three of Denmark’s biggest Danish pension funds to launch a $550m African infrastructure fund - experts estimated that last month’s cyber-attack on shipping giant AP Moller-Maersk could cost the company $100-$200 million.

International pharmaceutical company Lundbeck raised its profit and sales outlook for the year on Wednesday after posting strong second-quarter results.

Novo Nordisk, the world's leading maker of diabetes drugs, reported better than expected profit in Q2 of DKK13.4bn ($2.1 bn).

Touy giant Lego appointed a new CEO for the second time in eight months - Niels B. Christiansen, former head of thermostat-maker Danfoss, replaced Bali Padda who was appointed in January but has now been ‘moved aside’.

And That Was The Week That Was, August 7th – August 13th 2017: To read all the above articles in full see: http://seven59.dk/archive (subscription required)

 

 

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