The Traderszone Network

Published in TZ Latest News 8 October, 2016 by The TZ Newswire Staff

Norway Announces Massive Withdrawals From Sovereign Wealth Fund To Cover Deficits

Back in August, we noted that, for the first time since it’s creation in 1996, the Norwegian government had started raiding its sovereign wealth fund to cover government deficits.  Now, as noted by Bloomberg, the Nordic country has revealed plans to massively increase withdrawals by over 25% in 2017, to $15 billion.  The mon

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