Friday, March 31, 2006

Denmark is now a creditor nation

This just in - The Danish National Bank has just released a press statement saying that Denmark is now a creditor nation. Denmark now owes less money to other countries than other countries owe Denmrk. This is the first time since World War II. Economically this puts Denmark in a class of countries like Norway and Switzerland.

This is great news for Danes - since the eighties we have been working on getting rid of the foreign dept through a tight economy. It will probably take a few more years before we have consolidated our position, but this is an important milestone in Danish history.

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