Steen Bocian News
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Denmark’s economy returned to growth in the first quarter buoyed by a gain in consumer spending and rising inventories.
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Denmark is shelving indefinitely its euro adoption goal as Prime Minister Helle Thorning-Schmidt says an exchange rate peg without full European monetary membership is proving the best currency regime for the Nordic nation.
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A growth accord reached late yesterday by Danish lawmakers won’t be enough to end the nation’s economic slump, according to the chief economist at its largest bank.
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Representatives from Denmark’s mortgage industry are meeting with the government today in the hope of easing repayment terms on interest-only loans that threaten to unleash a wave of foreclosures this year.
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Denmark’s government says plans to stimulate the economy, which has yet to surface from the fallout of a housing bubble that burst more than four years ago, won’t put its top credit rating at risk.
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Danish bankers are learning the hard way it pays to have a seat at the table.
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Denmark’s government says it has exhausted all avenues for adding stimulus as the economy shows signs of sinking into its third recession since the global financial crisis started.
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Denmark has repaid 53 percent more than it predicted from a change to an early retirement program, funds that so far have failed to spur consumer spending.
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The latest set of Danish housing data don’t support estimates that the market is in a recovery phase, according to Danske Bank A/S, the country’s largest lender.
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As the euro area tries out its first bank bail-in in Cyprus, the European Union nation that led the way in burden sharing two years ago is now reviewing its commitment to the legislation.
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