Norwegian town hit by financial crisis - July 11 2008

A remote Norweigan town is the latest victim of the sub-prime mortgage meltdown.

Eight communities in the Arctic circle have collectively lost almost $200m after investing the money offshore. Hamish MacDonald reports from Narvik.

Category:

News & Politics

Tags:

• aljazeera
• al
• jazeera
• narvik
• norway
• financial
• crisis
• sub-prime
• money
• offshore
• hamish
• macdonald

[mynewschannel]

Don't the Norwegians know you should never trust TERRAists?

[runi8]

yeah... from july...

[Gengar10000000000]

Norway has the hardest gangs in New York city. They are the most popular and most populated people in the united states. Food, culture, women, gangs, music, and money. Nobody fucks with Norway.

[Chuckjagermeister]

"Economic crisis" in places like Norway mean holding back on that third luxury car and bi-summer international vacation. Poor poor saps.

[macdonnachaidh]

if the investments would have paid off, these politicians would have taken the credit and lauded themselves but a failure means "I didn't understand" or " I was unaware" blame someone else but not me

[madcatzy]

Not Terra but Terror! he he LOL

[roflatnames]

The Terra scandal was in 2007, if I remember correctly

[eliasgmg]

lol

[KhmerD0g]

the U.S. has over 140,000 troops in Iraq and about 35,000 in Afghanista. the U.S. spend $10 billion a month in Iraq versus $2 billions in Afghanistan. Iraq has about 24 millions people while versus Afghanistan 30 millions. Afghanistan land mass also bigger. why the hell the U.S. spend so much resource in Iraq? it must be Iraq oil that the U.S. is more interest in. think!

[ZionistWorldOrder]

I live in norway and i say it to everyone i meet every time we bring the issue up: Norway MUST stop investing in USA and it's israeli owned assets, don't you people realize we are nothing but a naive milking cow to these people? The Norwegian Oil Reserve Fund is STILL mostly made up of investment in US stocks! This after Norway was tricked to sell it's gold reserves of 37 tonnes in 2005, since then gold has shot up more than 80% in value, gold is known to mirror image the stock trends since 1929

[Entrak]

Sorry to break it to you, but we're doing the same in Afghanistan. We don't need your oil, we got massive reserves up here already.

But anyway, I'm out of this discussion before it gets to heated and sidetracked of what this video is originally about.

So have a pleasant day and allah bless you and your family. :)

[KhmerD0g]

what is more pressing is the situation in afghanistan. they need more help than iraq. how about do a few free things for them.

the only thing norway and american want is iraq oil.