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I have followed with great interest the development of the Norwegian scandal where different counties have been tricked by Terra Securities.

Here is a recent article in English.

First of all, it is interesting that counties are borrowing money to invest.
Then, it is interesting that counties are investing in bonds where they - seemingly - have not full knowledge of what they are investing in. Yes, Terra Securities might have tricked them to some degree, but in the end I think it is up to the counties as well to make sure they have adequate information.

In the end, it is the citizens of these counties that will suffer. The government has stated that they will not step in and aid the counties affected, and Terra Securities has now filed bankruptcy - oh how convenient!!

Stories like this make me SO angry.

Note: This post is continually updated

I am right now watching www.dr.dk (The Danish State TV station) where they are streaming the election night programme.

Today was the parliamentary election in Denmark. Our sister party, Det Radikale Venstre, is set to have a near 100% growth in votes!

Want the latest update of the situation? dr.dk has a graphic that is updated on the right side of the page.

A good overview over danish parties is here

The election result in Denmark is important for our party in Norway because it shows trends in our neighbour country.

I will blog on this as the evening proceeds.

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Update 20.09 CET:
Exit poll: Radikale Venstre is estimated to get 9.6% which is 4.4% increase! Go Radikale!

20.10 Interview with Social Democrats. / Labour party. The two big parties SD and Venstre are on a decline. Smaller parties, including RV, are in growth.

20.22 Analysis of the SD situation. The socialdemocrats are set to lose votes again. Last election they suffered a great blow. This time the loss in votes is smaller, but it is clear that SD will not be as important in Danish politics as earlier.

20.48 Interview with leaders from RV, the interviewer asks about RV as "the caffe latte party". The RV politician rejects this stamp on the young members of RV.

20.50 RV is currently at 10.4 % of the votes, which is a 100% increase! They are set to get 19 members of parliament. The last period they had 9.

20.59 Marianne Jelved, president of RV, arrives the Parliament building and has to fight her way through the crowd and masses of journalists. She is holding up some bag - a reference that I cannot understand. She is now speaking to her party.

21.01 Jelved is being asked what she and RV wants to use this massive election victory for. SHe answers quite vaguely in my opinion. But then again the journalists are asking the same questions again and again.

21.10 Now 5.7% of the votes are counted, and Radikale is set at 9.6% which means 17 mandates in total.

21.22 Holger K. Nielsen, president of the socialists, speak to his supporters. The party is set for a slight setback, down to 6.1% at this moment. HKN talks about how the socialists are popular in the high schools and school elections. That is a fake argument. Of course, many people vote "red" when they are young. The problem for the socialists is that people mature and often go towards the centre when they mature. (this is MY personal opinion, as always on this blog)

21.50 Mogens Lykketoft currently talks to the socialdemocracy movement. He says that he will step down as his party’s candidate for prime minister. He congratulates Anders Fogh Rasmussen from Venstre with the victory, but criticises the methods this victory was acquired by.

22.12 With 60% of the votes counted, Det Radikale Venstre is set at 9.0% - an increase of 3.8%.

22.15 Mogens Lykketoft, then, steps down as party leader of the labour party in Denmark after today’s loss of votes. The leader of the socialdemocratic youth movement, Mette Fredriksen, is interviewed about the crisis in her party. The people in the TV studio are now discussing the fact that Lykketoft steps down.

22.43 Anders Fogh Rasmussen, Denmark’s prime minister, will soon hold his speech. The results now show that he will continue as PM.

22.49 Rasmussen enters the stage and will hold his speech.

22.54 Rasmussen mentions Mogens Lykketoft and also the challenges ahead.

22.57 Rasmussen talks about the importance of Denmark as a knowledge society and that Denmark must meet the challenges from low-cost countries in the East.

22.59 Rasmussen continued his speech, 97.6% of the votes are counted, and I will turn to other things.

Det Radikale Venstre has 9.2% of the votes, up from 5.2% in the last election, and this all looks promising for our own party
here in Norway. Last year our Swedish sister party had a substantial
growth, today our Danish sister party did the same, and on September
12th 2005 I will do whatever I can to ensure that we will have a
similar success here.