The decline of the Norwegian krone is keeping prices and interest rates high in the country. Politicians and economists are struggling to find explanations and solutions.
The Norwegian krone’s decline is so great that a former government minister recently made a radical proposal: to tie the krone to the euro. “The dramatic weakening of the krone over time requires us to think seriously about our future options,” Sveinung Rotevatn, a former environment minister and member of parliament for the opposition Liberal Party, told the Financial Times.
Source: Stern
