bbc/news/business-28882312 Yet there are few displays of - TopicsExpress



          

bbc/news/business-28882312 Yet there are few displays of ostentatious spending - there are no supercars with tinted windows, no designer handbag shops, and no queues of people outside exclusive nightclubs. For while other countries have struck oil and then binged on the revenues, by contrast Norway is continuing to invest its oil and gas money in a giant sovereign wealth fund. Continue reading the main story “Start Quote We trust the government, we believe our tax money will be spent wisely” Prof Alexander Cappelen Norway School of Economics The fund, worth about $800bn (£483bn), owns 1% of the entire worlds stocks, and is big enough to make every citizen a millionaire in the countrys currency, the kroner. In effect, it is a giant savings account
Posted on: Tue, 26 Aug 2014 12:29:40 +0000

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