Norwegian PM Says Krone Now Weak Enough to Cover Oil Crisis
- Says oil industry in a crisis, not Norwegian economy
- Says will take longer for crude oil prices to recover
Norway's PM: We Still Have Economic Growth
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Norway’s premier said the krone is now weak enough to shield large parts of the economy from the crisis that is gripping the nation’s oil industry.
“I don’t think we need a weaker currency than we have now,” Prime Minister Erna Solberg said in an interview Friday with Bloomberg’s Francine Lacqua and Erik Schatzker in Davos. “It has stimulated quite a lot of the other businesses.”