Atlantic Sentinel

Tag: Scandinavia

  • Norway’s Election Winners Propose Relaxing Wealth Fund’s Spending

    In an election that was a foregone conclusion even before the first ballot was cast, Norway’s right-wing coalition led by the Conservative Party’s Erna Solberg swept to power on Monday. Perhaps the most controversial story from the election was the rise of the Progressive Party, the Conservatives’ key political ally. It is noted both for its anti-immigration positions and for its association with mass murderer Anders Breivik, a former party member.

    While this aspect of the election has caught international attention, the bigger issue for voters in Norway was oil. Specifically, what to do with $760 billion worth of oil generated wealth in a sovereign wealth fund awkwardly and inaccurately named the Government Pension Fund-Global. (more…)

  • European Navies Train for Coastal Warfare

    In September, the navies of thirteen nations gathered at the port of Turku in Finland for Exercise Northern Coasts 2010, a two week training event meant to “improve the interoperability between participating units and countries with main emphasis on maritime operations in confined and shallow waters,” according to the Finnish military. The event was tailored for “smaller naval units, such as fast patrol boats, corvettes, small frigates and Mine Counter-Measure Vessels,” Warships International Fleet Review reported. (more…)