Poor people in Denmark
There are thousands and thousands of poor people in Denmark, according to the head of the Council for the Socially Underprivileged, Jann Sjursen, who has called for an official definition of poverty in…
MoreNegative growth will lead to tighter control warns minister
Minister of Finance Bjarne Corydon has warned that the poor Q3 figures will lead to even tighter controls on public spending. He characterised the 0.8% drop in GDP, far more than economists had…
MoreVestager positive about new bank guarantees
Minister for Economics Margrethe Vestager has said she’s open to the possibility of extending state guarantees to banks that are struggling to borrow money because of the financial crisis. (http://seven59.dk/banks-look-for-extension-on-gurantees). Ahead of a…
MoreLøkke on National Bank board
Parliament has elected former Prime Minister Lars Løkke Rasmussen to the Danish National Bank’s Board of Directors until March 31st, 2016. He succeeds party colleague Jacob Jensen. The 25 members of the Board…
MoreDenmark looks to Germany after housing bubble
“Denmark’s home-loan industry, the world’s biggest issuer of mortgage-backed covered bonds, is looking to Germany to avoid a repeat of the housing bubble that sent Scandinavia’s weakest economy to the brink of a…
MorePoverty debate could be a vote-loser for government
Berlingske analyst Thomas Larsen has joined in the chorus of derision for Socialist People’s Party MP Özlem Cekic who claimed yesterday that a single mother claiming nearly DKK16,000 a month in social benefits…
MoreDanish society a ‘smorgasbord’ of social benefits
Many Danes need to seriously re-address their own value system and again take a pride in managing in their own lives, Minister of Social Affairs Karen Hækkerup said last night in a surprising…
MoreThorning acknowledges mistakes
Prime Minister Helle Thorning-Schmidt has acknowledged for the first time that the government hasn’t been succesful in explaining its policies and need to compromise to voters. Addressing the international press corps in Copenhagen, the PM said the problems…
MoreBanks look for extension on guarantees
Danish banks, finding it difficult to borrow money on the international markets, want an extension of the current state guarantees that expire in 2012 and 2013. Banks previously found it it easy to…
MoreDSB bosses drop bonus proposal
The board of national state carrier DSB board has now decided against awarding themselves an extra bonus for attending more than the usual amount of meetings this year. The leaders of Denmark’s rail company…
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