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Summary of Government Interventions in Financial Markets - Norway

Summary of Government Interventions in Financial Markets - Norway
26 May 2009
Mayer Brown Article
The Norwegian government has maintained a policy of sustained involvement in financial markets following an economic crisis in the late 1980s – triggered by bad banking, weak market discipline and insufficient regulation. The mechanisms adopted by the Norwegian government to combat the 1980s recession have placed the economy in a better position to endure the current economic crisis than many other EU countries. Despite this, the Norwegian government is predicting a weakening of the economy in 2009 and is taking comprehensive steps to ensure the financial markets remain stable through the global crisis.
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