Kasz216 said:
Not sure what that has to do with Denmark. Though yeah, Norway was able to avoid the crisis because their interest rates weren't at stupid low levels... and they were able to drop them and actually increase demand. Also, much like Denmark, Norway has an extremely flexable workforce. Bigger countries CAN'T have such workforces... and as White collar jobs are outsourced out of western countries.. Norway like Denmark faces trouble. |
It should also be noted that countries like Norway have some of the least corrupt governments and are not fiscal basket-cases like many of the countries that were hardest hit by the financial meltdown were ...