Norway Pushes Panic Button: “We’re In A Crisis Now, We Can’t Deny That”

Friday, January 15, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/15/2016

Slumping crude prices are weighing heavily on Norway’s economy as the government looks to its $830 billion sovereign wealth fund to plug budget holes and pay for fiscal stimulus. Officials hope a weaker krone can serve as a shock absorber but with Mario Draghi stuck in easing mode, that may prove to be an increasingly dubious proposition.

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