Denmark’s PM Rules Out Austerity in Pandemic Aftermath: Borsen

Jan. 19, 2021, 6:53 AM

Denmark will not use austerity as a tool for economic recovery once the coronavirus crisis is over, Prime Minister Mette Frederiksen says in an interview with newspaper Borsen.

  • Frederiksen, a social democrat, says it’s an “old-fashioned way of thinking” to introduce cuts on welfare to reduce costs and pay back debt
    • “Our need for investments after Covid-19 has only increased,” Frederiksen tells Borsen
    • Frederiksen plans to “deal with the debt” accumulated during the crisis but says the government has been able to borrow money “without problems” because the Nordic country’s economy is generally sound
    • “This government’s strategy will at no ...

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