Walter Gibbs: Norwegian News and Ideas
  • Home
  • News articles
  • Features
  • About Walter Gibbs

Scandinavian values

7/14/2010

0 Comments

 
The currencies of Sweden and Norway have jumped in value against the euro as investors take note of the two countries’ speedy economic recovery and their relative insulation from the fiscal woes of Greece and several other unstable European Union countries. Local banking crises in the 1980s and 1990s spurred reforms that helped Sweden and Norway sail through the recent financial turmoil relatively unscathed, as reported in today’s Wall Street Journal, in an article headlined “Scandinavia Gains Currency.” Steve Barrow, an analyst at Standard Bank in London, told Dow Jones reporter Neil Shah: "If you're looking for a better currency to hold in Europe, the Scandinavians are probably the best.”

0 Comments



Leave a Reply.

    Archives

    December 2010
    November 2010
    September 2010
    August 2010
    July 2010
    June 2010
    May 2010
    April 2010

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.