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The Red-Green Alliance believes that the Danes have been duped in connection with the bank rescue packages. Finance Minister Claus Hjort maintains the government's calculation. File photo: POLFOTO - DK/ENG translated - ekstrabladet.dk |
Danmarks Nationalbank needed money - lots of money( translated from ekstrabladet)
The financial crisis culminated when the US investment bank Lehman Brothers collapsed in September 2008.Financial markets froze - and the Danish banks could suddenly not refinance their huge short-term loans abroad. Therefore, the Danish state had to guarantee banks, otherwise that would topple like dominoes in a matter of weeks.
Bank Package 1:
'Bank Package 1' was therefore urgent adopted in October 2008. The government guaranteed for two years unlimited depositor and creditor guarantee. In other words, the DNB needed to cover every penny, all debt, all Danish banks owened everybody. Problem number one was that such a guarantee - dealing with foreign creditors - are only worth something in foreign currency. In terms of US dollars debt of the all Danish banks, corresponded to 400 billion. In this situation there was no confidence in the Danish printing press.
Additional interest burden
Problem number two was that DNB lacked foreign currency. The Danish government then made a trade off with the pension funds, especially ATP, which agreed to sell foreign securities for a huges um of billions - and instead buying Danish government bonds as currency holdings could be filled with dollars.... In return, ATP with former Director Lars Rohde, demanded that the high-yield government bonds should run for 30 years - and not normally a maximum of 10 years or less. The extra interest burden hangs on Danish taxpayers in the next 23 years.
Lars Rohde is currently Governor, and Ekstra Bladet has unsuccessfully tried to get a comment...
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On a five years base, the banks' deposit deficit grew from almost zero to crazy 656 billion. Of these, 400 billion debt by the banks in dollars held by US lenders. If short-term debt could be repaid in dollars at the time, everything would come crashing - DK/ENG translated - ekstrabladet.dk |
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Danish taxpayers face extra bill for saving banking system from 2008 collapse
Reuters - Markets |
Danish taxpayers face a much higher bill than previously estimated for saving the country's banks from bankruptcy during the financial crisis of 2008, central bank data shows.
The extra cost of interest payments on long-term government bonds has not previously been accounted for and could put pressure on the ruling Liberal Party that was also in power in 2008 to shed more light on the bailout.
Read the rest: http://in.reuters.com/article/us-denmark-debt-crisis-idINKCN0YI0TJ
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Sources:
http://in.reuters.com/article/us-denmark-debt-crisis-idINKCN0YI0TJ
http://ekstrabladet.dk/nyheder/politik/danskpolitik/tab-paa-27-milliarder-kraever-forklaring-fra-hjort/6103288
https://www.180grader.dk/Oekonomi/dokumentation-rothschild-dybt-nede-med-lapperne-i-dansk-krisehndtering
http://www.business.dk/finans/rothschild-raadgiver-for-staten-om-ny-bankpakke
http://www.verdensalt.dk/2016/03/wheres-denmarks-gold-not-blue-or-black.html
http://www.verdensalt.dk/2016/03/fiat-penge-kartellet-dette-2009.html
http://www.verdensalt.dk/2015/02/nationalbanken-har-snket-renten-pa.html
http://www.verdensalt.dk/2016/02/lante-fjer-og-radne-kar-i-de-strste-og.html
http://www.verdensalt.dk/2016/05/storsatsning-pa-vind-presser-vrdien-af.html
10 Responses to How Rothschild Conquered Denmark and NATO: The Central Bank. His Goldman Sachs Bought the Danish Finance Minster at a Bilderberg Meeting and Bilderberger, Former Prime Minister and NATO Secretary General

Right: Chairman of Dong´s Board, Fritz Schur – Bilderberger 2008 – alongside with Prime Minister – later NATO´s Secretary General – Anders Fogh-Rasmussen, Bilderberger 2001 and 2014.