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"Seen from Elsewhere" N°107 - The Norwegian War Chest

2023-01-21T12:31:13.764Z


EXCLUSIVE LETTER FOR SUBSCRIBERS - The European press review, by Édouard de Mareschal. Dear subscribers, Every war has its profiteers. Whether fair or not, the attack is now aimed at Norway, accused of enriching itself on the backs of Ukraine and Europe. Europeans are increasingly eyeing the record profits generated by the sale of the gas and oil that Norway abounds. At the end of December, the Norwegian Ministry of Finance announced that Oslo would reap 113 billion euros in profit


Dear subscribers,

Every war has its profiteers.

Whether fair or not, the attack is now aimed at Norway, accused of enriching itself on the backs of Ukraine and Europe.

Europeans are increasingly eyeing the record profits generated by the sale of the gas and oil that Norway abounds.

At the end of December, the Norwegian Ministry of Finance announced that Oslo would reap 113 billion euros in profits in 2022. The current year should be just as lucrative according to forecasts, which count on 130 billion euros.

That is five times more than in 2021.

Norway operates on a unique system: since the mid-1990s, a large part of the profits derived from hydrocarbons has been paid into a state oil and gas fund which has now reached more than 1300 billion euros, recalls

Die Welt

.

A jackpot intended to finance the Norwegian social model for current and future generations.

But such sums today cause a matter of conscience…

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Source: lefigaro

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