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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NORWAY
Norway has a new prime minister with the centre-left Labour Party's Jonas Gahr Støre sworn into office by King Harald V earlier today. Støre will lead a minority administration comprised of Labour (Ap) and the agrarian localist Centre Party (Sp).
- The minority gov't holds just 76 seats in the 169-member parliament (Storting), short of the 85 required for a majority. However, this should not result in notable political instability, with Norwegian politics well-accustomed to minority governments.
- The pool of potential allies on gov't legislation is also relatively large at around 25 seats. The most likely ally for Støre's gov't is the left-wing Socialist Left Party (SV), which was part of coalition talks until disagreements on climate change and taxation saw the coalition go ahead with just the Labour and Centre parties.
- There is even the prospect of the environmentalist Greens, far-left Red Party, or single-issue Patient Focus offering the gov't support on certain legislation. However, given the incoming gov'ts vocal support for Norway's O&G sector and opposition to radical tax increases, securing Green or Red support could prove difficult.
Chart 1. Norwegian Parliament, Seats
Source: Storting, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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