16.12.2008 - Rescue packages tap pension fund reserves
From IPE: The governments of both Norway and Ireland have announced plans to draw money from their national pension reserves for fiscal stimuli early next year. Jens Stottenberg, Norway’s left-wing prime minister, has unveiled additional spending measures targeting those sectors sharpest hit by the downturn, such as building and infrastructure, to be funded by Norway’s NOK1.947trn (€245bn) Government Pension Fund – Global..... Full Article: Source