Depressing budget projects DKK85bn deficit in 2012
The government has presented the most depressing budget in years. However, despite projecting a massive DKK85bn deficit next year, 4.6% of GDP, Minister of Finance Claus Hjort Frederiksen claimed things could have been…
MoreDanske Bank: Over-optimistic budget
The government’s budget projection of 1.8% economic growth in 2012 is far too optimistic, according to the Danske Bank. Senior economist Las Olsen said the prospect of an increase by so much is…
MoreWise men – ‘Don’t panic’
Confidence in the Danish economy won’t just disappear overnight because of a massive deficit next year, according to the so-called ‘wise men’ of the economy – what’s decisive is that the economy is…
MoreGovernment breaks EU rules
Minister of Finance Claus Hjort Frederiksen admitted that the government has failed to live up to EU Commission demands to reduce the public sector deficit. The government received a recommendation from Brussels two…
MoreTroops stop beatings
Danish troops have on two separate occasions stopped Afghan soldiers and police officers beating up suspects. Minister of Defence Gitte Lillelund Bech told parliament’s Foreign Policy Committee that she was satisfied with the…
MoreGovernment budgets for hefty deficit
There are dark clouds ahead for the economy. State finances will suffer a DKK79.8bn deficit next year, according to new figures to be presented by Minister of Finance Claus Hjorth Frederiksen today in…
MoreGrowth estimate ‘unrealistic’
The Prime Minister’s growth projection for this year is ‘totally unrealistic’ according to the Socialist People’s Party’s spokesman on finance, Ole Sohn, touted as a possible Finance Minister in a centre-left government, who…
MoreDenmark will still be triple A under left-wing government
Denmark will continue to receive the highest triple A credit rating even if the country turns left at the upcoming election. One of the world’s three biggest credit ratings agencies, Standard & Poors…
MoreFinancial incentives for home-owners could lead to catastrophe
The government’s, and opposition’s, plans to thaw the frozen housing market by tempting potential buyers with artificially low repayments the first year could lead to a ‘US style catastrophe’. Professor Finn Østrup of…
MoreCopenhagen needs branding
Denmark, and Copenhagen, should be aggressively branded throughout the world and and Danes shouldn’t be afraid of promoting the benefits of the country abroad. That was the message from 75 so-called ‘Goodwill Ambassadors’,…
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