Norway's Prime Minister Beats Millionaire in Historic Election

Pauline Gross
September 13, 2017

Solberg heads the Conservative Party and has the Progress Party as coalition partner, supported in Parliament by the Liberals and the Christian Democratic Party.

"Our solutions have worked".

The result shows the power of the purse in European elections, after the trauma of the debt crisis and the political upheaval that followed.

"The five-party left-wing opposition grouping, led by Labour leader Jonas Gahr Store, was on target for 80 seats after a nail-biting campaign fought on the issues of taxation and the future of Norway's giant energy sector", the The Guardian reports.

The victor is likely to face complex coalition negotiations as a number of Norway's smaller parties prepare to make tough demands in return for their support in the next parliament.

Solberg, 56, plans more tax cuts as a way to stimulate growth for Europe's top oil and gas producer. The outcome could depend on whether the government's parliamentary allies, the Liberals and Christian Democrats, both of which lost seats, manage to clear the critical threshold of 4% of the national vote and qualify for additional seats in parliament.

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The Norwegian currency, the crown, strengthened slightly following the first projections after falling sharply earlier in the day on weaker-than-expected inflation data.

Polling stations opened across Norway on Monday as the oil-rich nation votes for its next four years of government. She will go down in history as the country's first prime minister to make direct withdrawals from Norway's sovereign wealth fund, valued at nearly €84 billion. Store, himself a dollar millionaire, bled seats to the socialist parties on the left, while the big victor was the Center Party, an agrarian group opposed to centralization and Norway's free-trade agreement with the European Union.

Stoere, who sometimes compares himself with French President Emmanuel Macron, took over the leadership of the Labour Party from Jens Stoltenberg, who left Norwegian politics to become NATO's secretary-general.

"We have done our share of the job".

"We won support for four more years because we have delivered on what we have promised and also because we have met tough challenges", Solberg said at an election rally in Oslo shortly after midnight.

It even rose to first, from fourth, in a 2017 survey that ranked nations by happiness.

Other reports by GizPress

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