– Norway Pushes Panic Button: “We’re In A Crisis Now, We Can’t Deny That”:
Slumping crude prices are weighing heavily on Norway’s economy as the government looks to its $830 billion sovereign wealth fund to plug budget holes and pay for fiscal stimulus. Officials hope a weaker krone can serve as a shock absorber but with Mario Draghi stuck in easing mode, that may prove to be an increasingly dubious proposition.