Tue, Feb 9, 2016
A A A
Welcome tstroemlev
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Would Scottish oil fund have allowed us to ride out the financial storm?

Posted on 23 October 2008

From Scotsman.com: Having been embarrassed by his earlier comparisons of Scotland with Iceland and Ireland, Alex Salmond now points to Norway as a model of what Scotland could become. There are, however, major differences between the two countries.

Norway has been putting revenues from North Sea oil and gas into a national sovereign wealth fund, while this country has been spending them (much of the money on welfare benefits). We have no such fund to fall back on in the event of bank failure, for example….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 17965 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
February 2016
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728
29